A, B, & C are partners with capital accounts of $280,000, 350,000, and $420,000, respectively. B withdrawing from the partnership. Assume B is paid $320,000 and the bonus method is used. ABC shares profits and losses: 4:32 A's capital is debited/credited for (indicate DR/CR& amount) C's capital is debited/credited for (indicate DR/CR& amount B's capital is debited for Assume B is paid $380,000 and the goodwill method is used. ABC shares profits and losses:5:32 What is the amount of the goodwill to be recorded A's capital is debited/credited for (indicate DR/CR& amount)__ C's capital is debited/credited for (indicate DR/CR & amount) X, Y, and Z are partners. The following information exists with regard to the allocation of profits and losses Capital Balances Salary allowance Residual $400,000 $650,000 $550,000 80,000 25% 40,000 65,000 40% 35% Interest is at 8% on capital balances, profits and losses are determined in the order presented above. Assume an income of $580,000. How much income is allocated to:X and Z Assume a loss of $30,000. How much income is allocated to: X and Z m decide to start a partnership by investing cash of $500,000 and $300,000, respectively. Assuming no goodwill is to be recorded and each partner desires their capitals to be equal: Bob's capital would be credited for and Sam's capital credited for Assuming goodwill is to be recorded: What is the amount of the goodwill recorded What is Sam's capital account credited for What is Bob's capital account credited for Ann and Sarah are partners sharing profits and losses 40% and 60%, respectively. They have capital accounts of $150,000 and $220,000, respectively, when they agree to admit a new partner John to the partnership. John will contribute $175,000 for a 25% interest. Use the goodwill method. T. What is the amount of goodwill to be recorded John's capital is credited for Ann's capital is debited/credited for (indicate DR/CR & amount) Sarah's capital is debited/credited for (indicate DR/CR & amount) Skip and Amy are partners and agree to admit James into the partnership. James will contribute $60,000 for a 20% interest. Skip and Amy's capital balances are $120,000 and $160,000, respective Skip and Amy share profits and losses 6:4. Use the goodwill method. What is the amount of goodwill to be recorded James' capital account is credited for Skip's capital account is debited/credited for (indicate DR/CR & amount) Amy's capital account is debited/credited for (indicate DR/CR & amount)