Assume that after operations and partners' withdrawals during 20x2 and 20x3. DE Partnership has a book value of 120,000 and profit and loss (P&L) percentage on January 1 , 20x4 as follows: Capital balances P/L Percentage mo 72,000 70% 48,000 30% On this date, F is admitted to the partnership. Required: 1. Prepare journal entries to record the admission of F, assuming: a. Purchase of Interest from One Partner. F paid p28,000 directly to D in exchange for one-third (1/3) interest. B . Purchase of Interest from All Partners. This situation gives rise to three assumptions: b.1. Purchase at Book Value. F purchases a one-fourth (1/4) interest in the firm. One-fourth of each partner's capital is to be transferred to the new partner. F pays the partner's P30,000. b.2. Purchase at More than Book Value. F purchased one-fourth of D's interest for P21,600 and one-fourth of F's interest for P14,400, making payment directly to D and E. The new partner will have a 1/4 profit and loss ratio.. b.3. Purchase at Less than Book Value. F purchased one-fourth of D's interest by paying P26,400 directly to D and E. The new partner will have a 34 profit and loss ratio. 2. What are the capital balances of the partners immediately after admission