Hillary Hunnings is admitted to the partnership of Reason & Naser. Prior to her admission, the partnership books show Geana Reason's capital balance at $150,000 and Callis Naser's at $75,000. Assume Reason and Naser share profits and losses equally. Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: Hunnings pays $90,000 for Naser's equity. Hunnings pays Naser directly. b. Hunnings contributes $75,000 to acquire a 1/4 interest in the partnership. c. Hunnings contributes $130,000 to acquire a 1/4 interest in the partnership. 2. Journalize the entries for admitting the new partner under plans a, b, and c. a. Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hunnings pays $90,000 for Naser's equity. Hunnings pays Naser directly. Begin by computing the partner's equity base for plan a. Hunnings pays $90,000 for Naser's equity. Hunnings pays Naser 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 Reason Naser Hunnings Partnership capital before admission of Hunnings Effect on capital balance as a result of admission of Hunnings Partnership capital after admission of Hunnings