5. Samuel and Darci are partners. The partnership capital for Samuel is $50,000 and that of Darci is S60,000. Josh is admitted as a new partner by investing $50,000 cash. Josh is given a 20% interest in return for his investment. The amount of the bonus to the old partners is a. $O b. $18,000 c. $8,000 d. $10,000 6. Tucker and Titus are partners who share income in the ratio of 3:1. Their capital balances are $40,000 and S60,000, respectively. The partnership generated net income of $40,000 for the year. What is Tucker's capital balance after closing the revenue and expense accounts to the capital accounts? a. $40,000 b. $70,000 c. $10,000 d. $80,000 7. Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of S60,000 and $40,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Benson's capital balance after admitting Ramsey? a. $20,000 b. $24,000 c. $48,800 d. $71,200 8. Lambert invests $20,000 for a 1/3 interest in a partnership in which the other partners have capital totaling $34,000 before admitting Lambert. After distribution of the bonus, what is Lambert's capital? a. $18,000 b. $20,000 c. $6,667 d. $11,333