Castro and Falceso are partners who share profits and losses in a ratio of 2:3, respectively, and have the following capital balances on Sept. 30,2019: Castro, Capital, $100,000 Cr and Falceso, Capital, $150,000 Cr. The partners agreed to admit Garachico to the partnership.

Required: Calculate the capital balances of each partner after the admission of Garachico, assuming that bonuses are recorded when appropriate for each of the following assumptions:

1.Garachico paid Castro $50,000 for 40% of his interest.

2.Garachico invested $50,000 for a one-sixth interest in the partnership.

3.Garachico invested $50,000 for a 25% interest in the partnership.

4.Garachico invested $50,000 for a 15% interest in the partnership.