Assume that Bob and Doug each have a Capital Account of $$15$ million Mr$.$ Lee wants to join the partnership. Bob and Doug$$s law firm partnership is super profitable, and for Mr$.$ Lee to join their law firm, he is required to contribute $$30$ million in cash to the partnership in return for a $25\%$ interest.

Bob and Doug share profits $60\%$ and $40\%$ respectively, prior to the admission of Mr$.$ Lee to the law firm and will retain their relative proportion of profit allocations after giving Mr$.$ Lee a $30\%$ profit allocation interest.

Use the Bonus Method to record the journal entry on the books of the new partnership to reflect the admission of Mr$.$ Lee to the partnership. $(8$ points$)$