18. The Distance Plus partnership has the following capital balances at the beginning of the current year Tiger (50% of profits and losses) . . . . . . . . . . . . . . . Phil (3096) Ernie (20%) $85,000 60,000 55,000 Each of the following questions should be viewed independently 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 $60,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the bonus method is used. If Sergio invests $72,000 in cash in the business for a 25 percent interest, what journal entry is recorded? Assume that the goodwill method is used. c. nercen ofits and the tolio ToodWim is to aniial account halane lanuar