At April 30, partners' capital balances in Sheridan Company are G. Donley $59,280, C. Lamar $54,720, and J. Pinkston $20,520. 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 automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $18,240 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $17,100 in cash. (3) Terrell invests $70,680 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $47,880 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation 1. J. Pinkston, Capital J. Pinkston, Capital J. Terrell, Capital 2. 3. G. Donley, Capital C. Lamar, Capital J. Pinkston, Capital J. Terrell, Capital 4. G. Donley, Capital C. Lamar, Capital J. Pinkston, Capital J. Terrell, Capital Debit Credit eTextbook and Media Lamar's capital balance is $36,480 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