Problem #6 (15 points) Renata is the sole proprietor of a company with the following balance sheet: Assets Cash Liabilities 115,000 Accounts payable 300,000 600,000 100,000 155,000 $1.015,000 Notes payable Total liabilities Owners' Buildings and equipment equity Total liabilities and equity $1015,000 Total assets cash and inventory are carried at fair value, and the buildings and equipment have a fair value of The $640,000. Renata enters into a partnership with Santiago. Renata contributes her company, and the partnership assumes the accoumts an able and notes payable. Santiago contributes agree to share capital and profits in a 2:1 ratio. cash of $270,000. The partners Required Prepare the journal entries of the partnership at the date of formation using a. The goodwill approach