Vanessa Kaiser and Manah Newman decide to form a nathecshie by combining the assets of their separate businesses. Kaiser contributes the following assets to the parthership. cash, 524,560 , accounts receivable wath a tace amount of 5161,390 and an allowance for doubfful accounts of 54,490, merchandise inventory whth a cost of 584,050 , and equipment with a cost of 5137,580 and accurmutaled depreciation of 545,680 The partners agree that $6,000 of the accounts recewable are combletely worthess and are not to be accepted by the parthership, that 54,680 is a teasonable allowance for the uncolsectibity of the remaining accourts, that the merchandise inventory is to be recoided at tho culrent market price of 599.950 , and but the equipment is to be valued at 589,040 On December t, joumaice the parthershigs enty lo record Kaiser's investment fufer to the chart of accounts for the exact wording of the Required: account tren CNOWjournals do not use lines forjoumal explanatons Every line on a journol page is used for debt or ciedt entries CNOW joumals wial automabcaily indert a credt enty when a credir amount is entered 2. Prepare a staternent of owner's equity for the year ended December 31 . No additional investments were made duning the year Be sure to compiete statement heading Refer to the list of Labels and Amount Descrptions for the exact wording of the answer choices for text entries. For those doxes in vou must enter subtracted or negative numbers use a minus sign