60,000 alities 60,000 x, capital 90,000 cash other assets 200,000 y capital 110,000 Total assets 260,000 Tota liabilities and capital 260,000 x and y share profits and losses in the ratio 60:40 Each of the following questions is independent of the others 1. refer to the above infomation. assume that z invests 80,000 cash into the xy partnership for 1/5 interest in partnership capital and profitd, and the total firm capital of the xyz partnership is $280,000. what is the capital balance of y after z is admitted into the partnership? a. 119,600 b.112,000 c. 110,000 d.100,400 e. 104,400 2.refer to the above infomation. assume that z ipurchases a 1/5 proportionate capital interest directly from x and y for a total of 60,000 what is Z's capital balance of x and y when admitted into the partnership? a.40,000 b.50,000 c.60,000 d.70,000 3. x and y are partners who share income in the ration 2:1 and who have capital balances of 80,000 and 40,000 respectively. if with the consent of y, acquired 1/2 of x's interest for 40,000 for what amount would p's capital account be credited? a. 32,500 b.40,000 c.50,000 d.72500