Recording Partner's Original Investment Kimberly Payne and Arionna Maples decide to form a partnership by combining the assets of their separate businesses. Payne contributes the following assets to the partnership: cash, $12,210; accounts receivable with a face amount of $128,210 and an allowance for doubtful accounts of $4,620; merchandise inventory with a cost of $84,350; and equipment with a cost of $155,960 and accumulated depreciation of $101,370. The partners agree that $5,640 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $9,620 is a reasonable allowance for the uncollectibility of the remaining accounts, that the merchandise inventory is to be recorded at the current market price of $79,290, and that the equipment is to be valued at $68,780. Journalize the partnership's entry to record Payne's investment. For a compound transaction, if an amount box does not require an entry, leave it blank