A, B, and C with profit and loss sharing ratio of 4:3:3, respectively, have the following condensed statement of financial position:

Assets	1,880,000	Liabilities	480,000
		A Capital	620,000
		B, Capital	400,000
		C, Capital	380,000
Total	1,880,000		1,880,00

D will be admitted as a new partner with a 20% interest after he pays the three partners a premium of 10%. Under the book value method, D’s capital credit will be

- 200,000

- 280,000

- 350,000

- 376,000

2. D will be admitted as a new partner with a 20% interest after he pays the three partners a premium of 10%. Under the book value method, D’s capital credit will be

- 200,000

- 280,000

- 350,000

- 376,000

The admission of a new partner to a 20% interest in a partnership for an investment of P18,000, but with a capital credit based on P100,000 total contributed capital, will result in,?

- bonus to the new partner of 2,000
-bonus to the new partner of 5,600
- bonus to old partner for 2,000

- bonus to old partner for 5,600

Note 1: please show me a detailed solution and explanation.