Admitting a New Partner-Various Situations: Saleem and Raheem share partnership profits and losses at 60% and 40%, respectively. The partners agree to admit Badr into the partnership for a 50% interest in capital and earnings. Capital accounts immediately before the admission of Badr are: Saleem (60%) $300,000 Raheem (40%) 300,000 Total $600,000 Required: 1- Prepare the journal entry(s) for the admission of Badr to the partnership assuming Badr paid $400,000 for the ownership interest. Badr paid the money directly to Saleem and to Raheem for 50% of each of their respective capital interests. The partnership records goodwill. 2. Prepare the journal entry(s) for the admission of Badr to the partnership assuming Badr invested $700,000 for the ownership interest. Badr paid the money to the partnership for a 50% interest in capital and earnings. The partnership records goodwill. 3. Prepare the journal entry(s) for the admission of Badr to the partnership assuming Badr invested $500,000 for the ownership interest. Badr paid the money to the partnership for a 50% interest in capital and earnings. The partnership records goodwill