Sonoma Company and Woodberry Company decide to merge their proprietorships into a partnership called Sonberry Company. The balance sheet of Woodberry Company shows:

Accounts Receivable	$18,000
Less: Allowance for doubtful accounts	1,500
Equipment	$20,000
Less: Accumulated depreciationequip.	10,000

The partners agree that the net realizable value of the receivables is $16,000 and that the fair value of the equipment is $15,000. Journalize Woodberry's investment.