At April 30. partners' capital balances in Sunland Company are G. Donley $60,320, C. Lamar $55,680, and J. Pinkston $20,880. 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) Your answer is partially correct. 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 decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $18,560 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $17,400 in cash. (3) Terrell invests $71,920 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $48,720 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 1. J. Pinkston, Capital 8600 J. Terrell, Capital 8600 2. C. Lamar, Capital 18559 J. Terrell, Capital 18559 3. Cash J. Terrell, Capital G. Donley, Capital J. Pinkston, Capital C. Lamar, Capital 4. Cash > C. Lamar, Capital G.Donley, Capital J. Pinkston, Capital J. Terrell, Capital e Textbook and Media Save for Later Last saved 15 minutes ago. Attempts: 3 of 5 used Submit Answer (b) Lamar's capital balance is $37,120 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 $