Suzy Vopat has owned and operated a proprietorship for several years. On January 1, she decides to terminate this business and become a partner in the firm of Vopat and Sigma. Vopats investment in the partnership consists of $ 12,000 in cash, and the following assets of the proprietorship: accounts receivable $ 14,000 less allowance for doubtful accounts of $ 2,000, and equipment $ 30,000 less accumulated depreciation of $ 4,000. It is agreed that the allowance for doubtful accounts should be $ 3,000 for the partnership. The fair value of the equipment is $ 23,500. Journalize Vopats admission to the firm of Vopat and Sigma. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)