Extracted text: On December 31, 2024, Denis and Gamber agree to combine their sole proprietorships into a partnership. Their balance sheets on December 31 are shown as follows: (Click the icon to view the balance sheets.) Read the requirements. ..... Requirement 1. Journalize the contributions of Denis and Gamber to the partnership. (Record debits first, then, credits. Select explanations on the last line of the journal entry table.) Journalize the contribution of Denis. Date Accounts and Explanation Debit Credit Data table Dec. 31 Denis's Business Gamber's Business Current Current Market Book Value Market Value Book Value Value Assets Cash 17,000 $ 17,000 $ 5,000 $ 5,000 Accounts Receivable 27,000 25,000 8,000 6,000 Merchandise Inventory 57,000 51,000 32,000 32,000 122,000 104,000 52,000 56,000 Plant Assets, Net 223,000 $ 197,000 $ 97,000 $ 99,000 Total Assets Requirements Liabilities and Owner's Equity Accounts Payable 31,000 $ 31,000 $ 10,000 $ 10,000 Other Accrued Payables 11,000 11,000 1. Journalize the contributions of Denis and Gamber to the partnership. 2. Prepare the partnership balance sheet at December 31, 2024. Notes Payable 57,000 57,000 Denis, Capital 124,000 ? 87,000 Gamber, Capital Print Done $ 223,000 $ 197,000 $ 97,000 $ 99,000 Total Liabilities and Owner's Equity %24 %24 %24