Reed, Sharp and Tucker were partners with capital account balances of 100,000 and 32,000, 28,000, respectively. Before the admission of Upton, the profit and loss sharing ratio was 2:3:2. The partners agreed to use the bonus method to account for the admission of Upton to the partnership. Upton is investing $14,000 for a 15% ownership. Required: Prepare the journal entry to record the admission of Upton to the partnership.