Admitting New Partner With Bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $61,000 and $79,000, respectively. Valeria Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings. Jenkins and Tanner deem these skills useful; thus, Solano is admitted to the partnership at a 30% interest for a purchase price of $38,000. a. Determine the recipient and amount of the partner bonus. $ b. Provide the journal entry to admit Solano into the partnership. For a compound transaction, if an amount box does not require an entry, leave it blank. Feedback Check My Work b. Record the cash contribution received. Increase (decrease) the existing partner's accounts for a bonus received (paid). Record the new partner's equity based on the cash paid minus the bonus paid to the existing partners, or plus the bonus received. c. Why would a bonus be paid in this situation? Apparently, Jenkins and Tanner value offered by Solano