K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,000 of personal cash to the partnership. Rosen owns land worth $15,000 and a small building worth $80,000, which she transfers to the partnership. Toso transfers to the partnership cash of $9,000, accounts receivable of $32,000, and equipment worth $39,000. It is agreed that the allowance for doubtful accounts should be $3,000 for the partnership. 

Instructions 

a. Prepare the journal entries to record each of the partners' investments. 

b. What amount would be reported as total owners' equity immediately after the investments?