Diana de Courcey and Leah Kalleen are partners who share in the partnership's income equally and have capital balances of $62,500 and $150,000, respectively. Gary Daniel will receive a one-third equity in the partnership and will share equally with de Courcey and Kalleen in partnership income and losses. What entry is required by the partner- ship if Daniel pays
(a) $80,000?
(b) $120,500?