1- The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (50% of profits and losses) 100,000 Phil (40%) 70,000 85,000 Ernie (10%) Each of following questions should be viewed independently. the a. If Sergio invests $100,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. b. If Sergio invests $80,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. c. If Sergio invests $90,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used