The DELS partnership was formed by combining individual accounting practices on May 10,201. The initial investments were as follows: Required: a. Prepare the journal entry to record the initial investments using GAAP accounting. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the initial investments in DELS partnership. Note: Enter debits before credies. b. Calculate the tax basis of each partner's capital if Delaney. Engstrom, Lahey, and Simon agree to assume equal amounts for the payables