Admitting New Partner With Bonus G. Ferris and T. Martinez are partners in Elegant Event Consultants. Ferris and Martinez share income equally. D. Perez will be admitted to the partnership . Prior to the admission, equipment was revalued downward by $18,000. The capital balances of each partner are $133,000 and $85,000, respectively, prior to the revaluation. [removed][removed] [removed] Hide Hint(s) a. Provide the journal entry for the asset revaluation. For a compound transaction, if an amount box does not require an entry, leave it blank. .