This question consists of two parts Part A (6 marks) On 1 July 2010, Ralph Hartwig and Alice Wong formed a partnership. Some business assets and liabilities of Ralph Hartwig were assumed by the partnership, and these are listed below at both fair values and carrying amount Cash Accounts Receivable Office supplies Inventor Equipment Accounts Payable Fair Value 63 000 57 000 64 800 163 000 320 000 120 000 Carrying Amount 63 000 44 000 68 000 155 000 250 000 140 000 Alice Wong contributed a building worth $470 000 and land worth $165 000. Also, a mortgage of $396 000 was taken over by the partnership Required: Narrations are not required. Prepare the journal entries to record the initial investments of each partner. Ignore GST