Advanced scene 15 The trement of an orship on me, 120,000 120,000 Other 400.000 10.000 270.000 320,000 Total capital 320,000 and share profits and losses in the ratio of 60 40 inch of the following questions independent others 1 Asume investe 120,000 cash into the partnership for e-forth were in partnership capital and profit, and the total um capital of the Partnership is $520,000. What is the capital be ater is admitted into the partnership? 2. Assume that invests 120,000 cash into the partnership for a one-fith interest in perip capital and profits, and the total firm capital of the PJS partnership is 5520,000. What is the capital balance of Jafter S is admitted into the partnership? 3. Assume that S purchases one-fourth proportionate capital interest directly form and for a total of $120,000, and the total capital of the PJS partnership is $400,000. What are the capital balances of and J after S is admitted into the partnership? 4. Assume that S invests $280,000 cash into the PJ partnership for a 50% interest in partnership capital and profits, and the total firm capital of the PJS partnership is $800,000. The capital balances of P.3, and S are? 5. Assume that S invests $120,000 cash into the PJ partnership for a 20% interest in partnership capital and profts, and the total firm capital of the PJS partnership is $600,000. The capital balances of P, 1, and S are