Higgs is admitted to the partnership of Reed & Notch. Prior to her admission, the partnership books show Reed's capital balance at $130,000 and Notch's at $65,000. Assume Reed and Notch share profits and losses equally. Read the requirements. Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Higgs pays $75,000 for Notch's equity. Higgs pays Notch directly. Begin by computing the partner's equity base for plan a. Higgs pays $75,000 for Notch's equity. Higgs pays Notch directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter negative amounts with a parentheses or minus sign.) Plan A Plan A: Partnership capital before admission of Higgs Plan A: Effect on capital balance as a result of admission of Higgs Plan A: Partnership capital after admission of Higgs Reed Notch Higgs Enter any number in the edit fields and then click Check Answer. 5 parts remaining Clear All Check Answer 2