1. Tariq and Shemiah are members in an LLC with equity balances of $50,000 and $120,000 respectively. They share profits and losses in a ratio 1:4. Rafael is to be admitted into the partnership. Prior to admission, equipment was devalued by $8,000. a. Provide the journal entry for the asset revaluation. b. Provide the journal entry for Rafael's admission if: 1. Rafael purchased a 15% interest in the LLC for $20,000. (Show the calculation of the bonus). II. Rafael purchased a 18% interest in the LLC for $38,000. (Show the calculation of the bonus).