4. In the AB partnership (to which Daniel seeks admittance), the capital balances of Albert and Bert, who share income in the ratio of 5:3 are: Albert Bert $550,000 $300,000 Based on the preceding information, what amount of goodwill will be recorded if Daniel invests $275,000 for a twenty-five (37.5%) percent interest? Prepare the journal entry to record the admission of Daniel. 5. Using the information in question 1 above prepare the entry to record Daniels admission if the bonus method is used