Recording Partner's Original Investment Vanessa Kaiser and Mariah Newman decide to form a partnership by combining the assets of their separate businesses. Kaiser contributes the following assets to the partnership: cash, $11,070; accounts receivable with a face amount of $116,240 and an allowance for doubtful accounts of $4,190; merchandise inventory with a cost of $86,760; and equipment with a cost of $141,160 and accumulated depreciation of $91,750. The partners agree that $5,110 of the accounts receivable are completely worthless and are not to be accepted by the partnership, that $8,720 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 $81,550, and that the equipment is to be valued at $62,260. Journalize the partnership's entry to record Kaiser's investment. If an amount box does not require an entry, leave it blank.