Abby, Grover, and Cookie Monster formed a partnership several years ago. Subsequently, Antonio decides to join the partnership, with each of the three partners agreeing to transfer a 25% interest to Antonio for a total payment of $45,000 paid directly to the owners. The following information is available relating to the partnership of Abby, Grover, and Cookie Monster:

Partner	Capital Balance	P & L Ratio
Abby	70,000	30%
Grover	40,000	50%
Cookie Monster	30,000	20%
	$ 140,000

Prepare the necessary journal entries to record this transaction under the BOOK VALUE METHOD

Prepare the necessary journal entries to record this transaction under the GOODWILL METHOD