7) A local partnership has two partners, Jim and Pam. Jim has a capital balance of S150,000 and Pam has a capital balance of $125,000. These two partners share profits and losses 60 percent (Jim) and 40 percent (Pam). Cece invests $75,000 in cash in the partnership for a 25 percent ownership. The bonus method will be used. What is Cece's capital balance after this new investment? A) $87,500 B) $157,500 C) $142,500. D) $120,000 E) $130,000 8) A local partnership has two partners, Jim and Pam. Jim has a capital balance of S150,000 and Pam has a capital balance of $125,000. These two partners share profits and losses 60 percent (Jim) and 40 percent (Pam). Cece invests $75,000 in cash in the partnership for a 25 percent ownership. The bonus method will be used. What is Pam's capital balance after this new investment? A) $87,500. B) $157,500 C) $142,500 D) $120,000 E) $130,000. 9) Donald, Anne, and Todd have the following capital balances, S40,000, 550,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. Anne retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of the remaining partners? A) Donald, $40,000; Todd, $30,000. B) Donald, $30,000; Todd, $10,000. C) Donald, $50,000; Todd, $50,000. D) Donald, $24,000; Todd, $18,000. E) Donald, $70,000; Todd, S40,000