Admitting New Partner With Bonus J. Witt and K. Torres are partners in Green Earth Consultants. Witt and Torres share income equally. L. Jenkins will be admitted to the partnership. Prior to the admission, equipment was revalued downward by $9,000. The capital balances of each partner are $119,500 and $167,000, respectively, prior to the revaluation. a. Provide the journal entry for the asset revaluation. For a compound transaction, if an amount box does not require an entry, leave it blank. J. Witt, Capital K. Torres, Capital Equipment Feedback Check My Work b. Provide the journal entry for Jenkins' admission under the following independent situations: 1. Jenkins purchased a 20 % interest for $60,000. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash J. Witt, Capital K. Torres, Capital L Jenkins, Capital 2. Jenkins purchased a 30% interest for $150,000. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash J. Witt, Capital K. Torres, Capital LJenkins, Capital