At Apri 30 parthers capital balances in Sheridan Company are G. Dunley 559,280,C Larnar 554,720 , and J Piniston 520,520 The income sharing ratios are 5:4:1, respectivaly. On May 1, the PDLT Company is formed by admitting J. Tsrrell to the firm as a partner. (a) Joumalize the admission of Ferrell under cach of the following independent acsumptions iCredit occount tities are ouldmaticolly indented when amount is entered, Do not indent manuolly. Round anshers to 0 decimal oloces, es. 5.275. (1) Tenell purchases 50 cof Pinkston's ownershpinterest by paving Pinkston $18,240 in cagh. (2) Terrell purchases 331/3 sof Lamars sownershipinterest by paying Lamar $17.100 in cash. (3) Terrelli wests $70,680 for a 30 sownership interest, and bonuses are given to the old partners. (4) Terreli irvosts $47,880 for a 30 Downership ointerest which includesa borno to the nsw partner