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Can anyone help me with this? Thank you! S12-8 Accounting for the admission of a new partner Eddie and Hagar have partner capital balances of

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Can anyone help me with this? Thank you!

S12-8 Accounting for the admission of a new partner Eddie and Hagar have partner capital balances of $297,000 and $243,000, respectively. Eddie receives 60% of profits and losses, and Hagar receives 40%. Assume Parker contributes 135,000 to acquire a 25%interest in the new partnership of Eddie, Hagar, and Parker. Requirements 1. Calculate Parker's capital in the new partnership. 2. Journalize the partnership's receipt of cash from Parker

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