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(1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $14,720 in cash. (2) Terrell purchases 3331% of Lamar's ownership interest by paying Lamar
(1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $14,720 in cash. (2) Terrell purchases 3331% of Lamar's ownership interest by paying Lamar $13,800 in cash. (3) Terrell invests $57,040 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $38,640 for a 30% ownership interest, which includes a bonus to the new partner. 3. 4. (1) Terrell's cash investment \$ (2) Bonus to new partner \$
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