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Question 3 (9 points) Ahmad, Sami, and Barhoom formed a partnership named ASB House improvement Center on 1/1/2017. They contributed the following to the new company: Net Book value (S) Fair market valuel Agreed upon value (5) 40,000 50,000 40,000 80,000 Ahmed's contribution: Cash Land Sami's contribution: Cash Equipment Supplies Barhoom's contribution: Cash Truck Accounts receivable Allowance for doubtful accounts 22,000 32,000 3,000 22,000 28,000 2,600 12,000 20,000 6,500 600 12,000 15,000 6,500 800 Required: Prepare the journal entry for the formation of the partnership. You can prepare separate entries or one entry. Account title Debit Credit