prepare a journal entry

1. On February 1, 2020, H. Ford and S. Elliott formed a partnership for an accounting firm. Ford invests $20,000 cash and Elliott invests $5,000 cash plus office equipment he purchased for $45,000 that carries an accumulated amortization of $12,000. The partners agree that the office equipment has a fair market value of $28,000. Prepare the journal entry for the formation of the business