Able and Baker have had a successful partnership, but now Able wants to retire. Account balances after restating the assets and liabilities for the partnership are below. Tangible assets $150,000 Liabilities 30,000 Able, Capital $50,000 Baker, Capital 70,000 Able and Baker's residual profit and loss ratio is 40:60 A. Able sells her equity to Cab for $75,000 and Baker accepts him as a partner. Record the withdrawal of Able from the partnership and the admission of Cab B. Able and Baker sell 50 percent of their equity to Cab for $50,000 each Refer to the information in Exercise 3. Assume that, instead of Able retiring, Able and Baker decide to admit Cab as a new partner to take on some of the work. Cab has agreed to pay $50,000 for a 30 percent equity interest in the partnership. Record the admission of Cab to the partnership using the A. Bonus method B. Goodwill method