PF$\mathrm{.}1($LO $1,2)$ The post$-$closing trial balances of two proprietorships on January $1,2020,$ are presented below $($amounts in thousands$).$

$\backslash$table$[[,$Bon$-$Joon Company,Joon$-$Ho Company$],[$Dr$.,$Cr$.,$Dr$.,$Cr$.],[$Cash$,14,000,,12,000,],[$Accounts receivable,$17,500,,26,000,],[$Allowance for doubtful accounts,,$3,000,,4,400],[$Inventory$,26,500,,18,400,],[$Equipment$,45,000,,29,000,],[$Accumulated depreciation$-$equipment,,$24,000,,11,000],[$Notes payable,,$18,000,,15,000],[$Accounts payable,,$22,000,,31,000],[$Bon$-$Joon, capital,,$36,000,,],[$Joon$-$Ho$,$ capital,,,,$24,000],[,103,000,103,000,85,400,5,400]]$

Bon$-$Joon and Joon$-$Ho decide to form a partnership, BJH Company, with the following agreed upon valuations for non$-$cash assets.

$\backslash$table$[[,$Bon$-$Joon Company,Joon$-$Ho Company$],[$Accounts receivable,$**17,500,*26,000],[$Allowance for doubtful accounts,$4,500,4,000],[$Inventory$,28,000,20,000],[$Equipment$,25,000,15,000]]$

All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the two proprietorships. Further, it is agreed that Bon$-$Joon will invest an additional $w5,000$ in cash, and Joon$-$Ho will invest an additional w$19,000$ in cash.

Instructions

a$.$ Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership.

b$.$ Journalize the additional cash investment by each partner.

c$.$ Prepare a classified statement of financial position for the partnership on January $1,2020.$