Problem 1. William, Anne, and George decide to go into business together. William contributes $5,000 worth of equipment to the partnership, Anne contributes $10,000 in cash to the partnership and George contributes land worth $15,000 to the partnership, however the land is subject to a $5,000 promissory note and mortgage for which the partnership takes responsibility. Requirement Journal the contributions to the partnership by William, Anne and George