After tangible assets have been adjusted to current market prices, the capital accounts of Mike Cash and Ed Doerr have balances of $56,000 and $54,000 respectively. Paula Goles is to be admitted to the partnership, contributing $40,000 cash to the partnership, for which is to receive an ownership equity of $50,000. All partners share equally in income. Instructions a. Journalize the entries to record admission of Goles, who is to receive a bonus of $10,000 B. What are the capital balances of each partner after admission of the new partner