Ethan and Hardy have partner capital balances of $245,000 and $215,000, respectively Ethan receives 70% of profits and losses, and Hardy receives 30%. Assum Pedro contributes $115.000 to acquire a 25% interest in the new partnership of Ethan, Hardy, and Pedro Requirements 1. Calculate Pedro's capital in the new partnership 2. Journalize the partnerships receipt of cash from Pedro Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partner Bonus to Requirement 2. Journalize the partnerships receipt of cash from Pedro (Record debits first then credits Select the explanation on the last line of the jumal untry table) Date Accounts and Explanation Debit Credit tin