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estion 12 A and B are partners with initial investment of $120,000 and $80,000 respectively. They share income and loss by 60% for A and 40% for B. They accepted a new partner in the partnership Required: Record the admission of C under each of the following separate assumptions 1-C purchased one-half of A's interest for $70,000 cash 2- Cinvests cash of $80,000 in the partnership and receives 25% ownership interest in the new pastorship. YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM, DO NOT USE "BETWEEN NUMBERS De Cash 100000 C. Land 100000 For the toolbar, press ALT+F10 (PO O ALTAN F10 (Mac)