Dianne and Jerry had capital balances of $80,000 and $130,000 respectively when Wendy invested $70,000 for a 1/4 ownership of the business. Which of the following statements is NOT TRUE? There will be a bonus to the new partner. Wendy's capital account will be credited. There will be no bonus to the existing partners. Wendy will have a 25% ownership of the new partnership Save for later