15. The partnership of Gamma, Ginger, and Gert had total capital of $1,140,000 on December 31, 2017, as follows: Gamma, Capital (30%) Ginger, Capital (45%) Gert, Capital (25%) $360,000 510,000 270,000 $1.140.000 Total Profit and loss sharing percentages are shown in parentheses. Assume that Grizelda became a partner by investing $300,000 in the Gamma, Ginger, and Gert partnership for a 25 percent interest in capital and profits and that partnership net assets are not revalued. Grizelda's capital credit should be: A. S360,000. B. S285,000. C. $300,000. D. $380,000 12. Mack and Ruben are partners operating an electronics repair shop. For 2017, net income, after salaries expense of $150,000 was $50,000. Mack and Ruben have salary allowances of $90,000 and $60,000, respectively, and remaining profits and losses are shared 6:4. The division of salaries and profits in total to Mack and Ruben would be: A. $30,000 and $20,000 B. $50,000 and S-0- C. $120,000 and $80,000 D. $25,000 and $25,000 10. The partnership of Gilligan, Skipper, and Ginger had total capital of $570,000 on December 31, 2017 as follows: Gilligan, Capital (30%) Skipper, Capital (45%) Ginger, Capital (25%) Total $180,000 255,000 135,000 $570,000 Profit and loss sharing percentages are shown in parentheses. Assume that Professor became a partner by investing $190,000 in the Gilligan, Skipper, and Ginger partnership for a 25 percent interest in the capital and profits, and the partnership assets are revalued. Under this assumption A. Professor's capital credit will be $150,000. B. Gilligan's capital will be increased to $147,000. C. total partnership capital after Professor's admission to the partnership will be $600,000. D. net assets of the partnership will increase by S190,000, including Professor's interest