At April 30, partners' capital balances in Crane Company are G. Donley $42,640,C. Lamar $39,360, and J. Pinkston $14,760. The income sharing ratios are 5:4:1, respectively. On May 1 , the PDLT Company is formed by admitting J. Terrell to the firm as a partner. (a) Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are outomatically Indented when amount is entered. Do not indent manualli. Round answers to 0 decimal places, es. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $13,120 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $12,300 in cash. (3) Terrell invests $50,840 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $34,440 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. Lamar's capital balance is $26.240 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner? (1) Terrell's cash investment (2) Bonus to new partner