Galvin, Volvel, and Lovit, a partnership, is considering admitting Thomasvile as a new partner. On July 31 , 2024, the capital accounts of the three exieting partners and their profi-and loss-sharing ratio are as follows IfB (Click the icon to view the partner' capital accoants and their profir and-loss sharing ratio) Requirement 1. Jouralize the admission of Thomaswile as a partrat on Jly 3t it Thoenasvile pays Levitt $162,000 cash to purchase Levir's interest (Recoid debits first, then credis. Select the explanation on the last line of the joumal entry table) Requirement 2 Jourbalize the admission of Thomaznlle as a partier on July 31 ir Thomasvilie contibutes \$81,000 to the partnernhip. acquaring a 1/4 inferest in the business. (Recerd debits lirst, then aedis. Select the explanation og the last Iine of the journal entry tatile) Requirement J. Joumalize the admission of Thamasvile as a partrer en duly 31 at Themasvibe contributes 581,000 to the partnesshp, acquiring a 1/6 interest in the tusiness. (Recoed debats first then credits. Seloct the oxplanation on the last ine of the journal entry table.) Requirement 4. Jeurnalize the admission of Thorrasvile as a parter en Jyy 31 if Thomasille contributes 581,000 to the partnerehto, acquiring a 1/3 interest in the business. Rricord ditbes frist then credts Select the oxplanation on the last ine of the journal entry table.) Data table