please post to balance sheet after!!

Problem 12-01A a-c (Video) The post-closing trial balances of two proprietorships on January 1, 2020, are presented below. Cash Sorensen Company Dr. Cr. $17,000 20,500 $3,500 31,500 53,000 28,300 21,200 26,000 43,000 Lucas Company Dr. Cr. $14,200 31,000 $5,200 21,700 Accounts receivable Allowance for doubtful accounts Inventory Equipment Accumulated depreciation-equipment Notes payable Accounts payable Sorensen, capital Lucas, capital 34,000 13,000 17,700 36,600 $122,000 $122,000 $100,900 28.400 $100,900 Sorensen and Lucas decide to form a partnership, Wildhorse Company, with the following agreed upon valuations for noncash assets. Accounts receivable Allowance for doubtful accounts Inventory Equipment Sorensen Company $20,500 5,300 33,000 29,500 Lucas Company $31,000 4,700 23,600 17,700 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partners indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 (Transfer of Sorensen's assets and liabilities.) Jan. 1 (Transfer of Lucas' assets and liabilities.) Further, it is agreed that Sorensen will invest an additional $5,900 in cash, and Lucas will invest an additional $22,400 in cash Journalize the additional cash investment by each partner are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit No. lan 1 (To record Sorensen's westment) Jan. 1 (To record Lucas' investment.)