The post-closing trial balances of two proprietorships on January 1, 2020, are presented below (amounts in thousands). Won Company Kim Company Dr. Cr. Dr. Cr. Cash W10,000 W8,900 Accounts receivable 13,000 19,000 Allowance for doubtful accounts W2,200 W3,300 Inventory 19,500 13,600 Equipment 33,000 21,000 Accumulated depreciation-equipment 17,800 8,100 Notes payable 13,300 11,100 Accounts payable 16,300 22,900 Won, capital 25,900 Kim, capital 17,100 W75,500 W75,500 W62,500 W62,500 Won and Kim decide to form a partnership, WK Company, with the following agreed upon valuations for non-cash assets. Won Company Kim Company Accounts receivable W13,000 W19,000 Allowance for doubtful accounts 3,300 3,000 Inventory 20,700 14,800 Equipment 18,500 11,100 All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Further, it is agreed that Won will invest an additional W3,700 in cash, and Kim will invest an additional W14,100 in cash. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 (Transfer of Won's assets and liabilities.) Jan. 1 (Transfer of Kim' assets and liabilities.) Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Jan. 1 (To record Won's investment.) Jan. 1 (To record Kim' investment.) Prepare a classified statement of financial position for the partnership on January 1, 2020. (List Current Assets in reverse order of liquidity.) WK COMPANY Statement of Financial Position A Assets w W W w Liabilities and Equity w W