Conner Shop is organized as a partnership. At the prior year-end, Sam's equity balance was $200,000 and Jam was $300,000. Partners agree to divide income based on the ratio of 2 3 And Sean, $160,000. Conner is admitted to the partnership with a 25% equity. (Conner invests $670,000) Liu to purchase a 25% interest in their partnership for s100,000 cash from Sean and Jam. Instructions: partnership. Prepare the journal entry to record the admission of Sean and Liu to the