The post-closing trial balances of two proprietorships on January 1,2022, are presented below. Sorensen and Lucas decide to form a partnership, Ivanhoe 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. Prepare separate journal entries to record the transfer of each propriatorship's assets and liabilities to the partnership. (Credit Further, it is agreed that Sorensen will invest an additional $5,200 in cash, and Lucas will invest an additional $19,800 in cash. Journalize the additional cash imvestment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)