Clay Brown is admitted to a partnership. Prior to his admission, the partnership books show Bob Reitmeier's capital balance at \(\$ 100,000\) and Lisa Jayne's capital balance at \(\$ 50,000\). Compute each partner's equity on the books of the new partnership under the following plans:

a. Brown pays \(\$ 60,000\) for Jayne's equity. Brown's payment is not an investment in the partnership but instead goes directly to Jayne.

b. Brown invests \(\$ 50,000\) to acquire a one-fourth interest in the partnership.

c. Brown invests \(\$ 70,000\) to acquire a one-fourth interest in the partnership.