25. AB, and C have a partnership. Their capital balances are $100,000, $140,000, and $60,000 respectively. The agreed profit and loss ratios are 30/40/30. They are considering admitting a new partner D. The net assets of the partnership are worth $360,000. D is willingly to invest $60,000 plus assets with a book value of $24,000 and a fair market value of $40,000. Instructions: Provide journal entries assuming 1. D is receiving a 20% share of the new partnership with his investment. His admission is to be recorded using the bonus method 2. D is receiving a 20% share of the new partnership with his investment. His admission is to be recorded using the goodwill method. 1. D is receiving a 30% share of the new partnership with his investment. His admission is to be recorded using the bonus method.\ 2. D is receiving a 25% share of the new partnership with his investment. His admission is to be recorded using the goodwill method.\