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Revaluing and Contributing Assets to a Partnersh p Marquis Westbury invested $31,000 in the Tranton and Rainwater partnership for ownership equty of $31,000. Prior to

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Revaluing and Contributing Assets to a Partnersh p Marquis Westbury invested $31,000 in the Tranton and Rainwater partnership for ownership equty of $31,000. Prior to the investrient, eouipment was Trenton and Ann Mane Rainwater share net income in a 2.3 ratio. Required: Dartnership for ewnership equity of $51,000. Poor to theinvestuent equipment was revalued to a market value of 5742.000 from a book value of 5297,000 . Daniel If an aroount boir does not require an entrri pave k blank. bon doer not riquire an entry, leave it blank

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