View follices: Show Altempt Hitior Current Attempt in Pregress The post cloning triat balaners of two propeletonties on imumy 1.2022, are presented below: Sorensen and Lucas decide to form a partnerahle. Sheridan Companx, with the following agreed upenv Altash mill be trandered to the part thership, and the partnentio will asume all the liabilities of the tw. Prepare separate journal entries to record the transfer of each proprietorship's assets and liabilities to the partnership. (Cre armuint tillec are authmatimllk indented when amaunt is entered. Da not indent mantallvi Qe not anderrimanith etratbook and Miedia Lht af Arcouets Prepare a classified balance sheet for the parthership on January 1, 2022. (Ust Cunent Assets in order of ilauldity) 5 5 Labilities and Owners' Equity 5 .