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Arun and Margot want to admit Tommy as a third partner for their partnership. Their capital balances prior to Tammy's admission are $50,000 each. Prepare

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Arun and Margot want to admit Tommy as a third partner for their partnership. Their capital balances prior to Tammy's admission are $50,000 each. Prepare a schedule showing how the bonus should be divided among the three, assuming the profit or loss agreement will be 1:3 once Tammy has been admitted and her contribution is: If an amount is zero, enter "O" A. 517,000 Total capital of Arun and Margot Investment by new partner, Tammy Total capital of new partnership LITU Tammy's capital credit Total bonus to Arun and Margot B. $62,000 Total capital of Arun and Margot Investment by new partner, Tammy Total capital of new partnership Tammy's capital credit $ $ $ Total bonus to Arun and Margot Allocation of bonus to Arun and Margot: Arun Margot C. $50,000 Total capital of Arun and Margot $ Investment by new partner, Tammy Total capital of new partnership $ $ Tammy's capital credit Total bonus to Arun and Margot Prepare the journal entries to show the resulting each of the three partners capital accounts. If an amount box does not require an entry, leave it blank. A B III I . C

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