3. A and B are partners with capital balances of $$30,000 and $60,000 who share profit and loss in a 2:1 ratio. They are considering admitting C who will contribute cash to the partnership and receive a1/4 interest under the following conditions:

1. C pays $26,000 (bonus method

2. C pays $50,000 (bonus method.

3. C pays $50,000 (goodwill method)

Bonus or Goodwill

A

B

C

Part 1

Part 2

Part 3

4. Refer to problem 3. If instead of admitting C, A and B agree to liquidate and to withdraw cash during the liquidation period.

According to the "Safe Payment" algorithm, who gets paid first?_______________ Show calculation.