The post-closing trial balances of two proprietorships on January 1,2022 , are presented below. orensen and Lucas decide to form a partnership, Crane Company, with the following agreed upon valuations for noncash assets. Il 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 proprietorship's assets and liabilities to the partnership. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Di Ja Sorensen, Capital (Transfer of Sorensen's assets and liabilities.) lan. 1 Cash Accounts Receivable Equipment Inventory Allowance for Doubtful Accounts Accounts Payable Notes Payable Lucas, Capital (Transfer of Lucas' assets and liabilities.) Further, it is agreed that Sorensen will invest an additional $3,800 in cash, and Lucas will invest an additional $14,400 in cash. Journalize the additional cash investment by each partner. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare a classified balance sheet for the partnership on January 1, 2022. (List Current Assets in order of liquidity.)