Sandra Budd and Frank Elm Have a Partnership That Splits $$\begin{array} { | l | l | } \hline \text { Budd } & \$ 40,000 \\\hline \text { Elm } & \$ 70,000 \\\hline\end{array}$$

Sandra Budd and Frank Elm have a partnership that splits profits equally and that has become very successful.They are considering admitting a new partner,Sally Lee,for an equal share-a 1/3 interest in the new partnership.Based on the value of the partnership's business,they have negotiated an amount of $10,000,which Lee will invest to obtain a 1/3 share.The balances in the existing partner capital accounts are:
$$\begin{array} { | l | l | } \hline \text { Budd } & \$ 40,000 \\\hline \text { Elm } & \$ 70,000 \\\hline\end{array}$$ What journal entry would be made for Lee's investment and admittance to the new partnership?
$$\begin{array} { | l | l | l | } \hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$