P12-3B Cedarlake Solutions is a partnership, and its owners are considering admitting Emily Conyers as a new partner. On March 31 of the current year, the capital accounts of the three existing partners and their shares of profits and losses are as follows: Required Nick Nelson Luke Bright. Lela Clapton. Capital Profit-and-Loss Share $ 40.000 15% 100,000 160.000 30 55 Journalize the admission of Conyers as a partner on March 31 for each of the following independent situations: 1. Conyers pays Clapton $219.000 cash to purchase Clapton's interest in the partnership. 2. Conyers invests $60.000 in the partnership, acquiring a one-sixth interest in the business. 3. Conyers invests $80,000 in the partnership, acquiring a one-fourth interest in the business. 4. Conyers invests $50,000 in the partnership, acquiring a 12% interest in the business.