At April 30, partners' capital balances in Wildhorse Company are G. Donley $63,440, C. Lamar $58,560, and J. Pinkston $21,960. 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 $19,520 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $18,300 in cash. (3) Terrell invests $75,640 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $51,240 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 1. 2. 3. > > 4. > > Media Save for Later Attempts: 0 of 5 used Submit Answer (b) Lamar's capital balance is $39,040 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 $