Capital Balances and profit and loss percentages for the partnership of Melvin, Sani, and Tony on January 1, 2003 are as follows:

Melvin (40%) 240,000

Sani (20%) 160,000

Tony (40%) 280,000

On January 3, 2003, the partners agreed to admit Bart into the partnership for a 25% interest in capital and profits for his investment in the partnership of 220,000 for an agreed capitalization of 900,000.

Required:

1. Capital credit of Bart in the new partnership______
2. Bonus to (name of partner) if any _______

Amount of bonus______

3.Capital credit of Melvin in the new partnership_______