2. The capital balances of the DEF Partnership are as follows:

Danielson $180,000

Eklund 95,000

Forsberg 150,000

Total $425,000

The partners' income sharing ratio is: Danielson, 25%; Eklund, 45%; Forsberg, 30%. Assume the partnership's identifiable net assets are carried at amounts approximating fair value.

Case B: Now assume Gustafson paid $90,000 for a 20% interest in partnership capital.

Instruction: For each case (each case is independent), please use both Bonus method and Goodwill method to analyze the problem. Prepare the Statement of Partners' Capital Balances, as well as the related journals prepared for the partnership.