(25 points) The JKLM Partnership has the following balance sheet at January 1, 2018, prior to the admission of new partner, Ruiz. Cash and current assets $81,000 Land 230,000 Building and equipment 122,000 Total $433,000 Liabilities $77,000 Capital, Johnson 53,000 Capital, Kelly 75,000 Capital, Lopez 46,000 182,000 Capital, Mason Total $433,000 Ruiz contributes $50,000 into the partnership for a 20% interest. The four original partners share profits and losses equally. Required: Using the bonus method, do the following: a) Prepare the journal entry to record the admission of Ruiz into the partnership. b) Determine the capital balances for each of the five partners after Ruiz joins the partnership