Brekke and Fig Decide to Organize a Partnership $\begin{array}{llr} \text {Cash } &24,000\\ \text {Equipment } &12,000\\ \text { Fig, Capital } &&36,000\end{array}$

Brekke and Fig decide to organize a partnership. Brekke invests $30000 cash and Fig contributes $24000 cash and equipment having a book value of $12000. Choose the entry to record Fig's investment in the partnership assuming the equipment has a fair value of $18000. a.
$\begin{array}{llr} \text {Cash } &24,000\\ \text {Equipment } &12,000\\ \text { Fig, Capital } &&36,000\end{array}$

b.
$\begin{array}{llr} \text { Equipment} &12,000\\ \text { Fig, Capital } &&12,000\\\end{array}$

c.
$\begin{array}{llr} \text { Cash } &24,000\\ \text {Fig, Capital } &&24,000\\\end{array}$

d.
$\begin{array}{llr} \text { Cash } &24,000\\ \text {Equipment } &18,000\\ \text { Fig, Capital } &&42,000\end{array}$