Following is the current balance sheet for a local partnership of doctors: Profits and losses are split according to the following percentages: A, 30%;B,10%;C, 40% and D, 20%. Required: Prepare the necessarv iournal entries. for each of the following indebendent situations. Required: Prepare the necessary journal entries, for each of the following independent situations. a. E contributes $36,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. b. E contributes $55,000 in cash to the business to receive a 20 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. c. E pays $9,000 in cash directly to each of the partners to purchase a 10 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. d. C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to 125 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized