The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Cash Accounts receivable Allowance for doubtful accounts Inventory Equipment Accumulated depreciatio Notes payable Accounts payable Sorensen, capital Lucas, capital Accounts receivable -equipment Allowance for doubtful accounts Inventory Equipment Sorensen Company Dr. $17,000 21,500 32,500 55,000 Cr. $21,500 5,500 $3,700 34,200 29,300 30,500 22,000 26,800 44,200 $126,000 $126,000 $104,000 Sorensen Company Lucas Company $32,000 Lucas Company Dr. 4,900 $14,600 24,400 18,300 32,000 Sorensen and Lucas decide to form a partnership, Crane Company, with the following agreed upon valuations for noncash assets. 22,400 35,000 Cr. $5,400 13,400 18,300 37,800 29,100 $104,000 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships.

The post-closing trial balances of two proprietorships on January 1, 2022, are presented below. Sorensen and Lucas decide to form a partnership, Crane Company, with the following agreed upon valuations for noncash assets. All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Premurn eanumate inurnal antrioc to rorned tha tronefor af marh nmnrietnrshir's ascets and liabilities to the partnership. (Credit oco D Ji Further, it is agreed that Sorensen will invest an additional $6,100 in cash, and Lucas will invest an additional $23,200 in cash. Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually)