Hughesis admitted to the partnership of Reason & Nedwick. Prior to her admission, the partnership books show Reason's capital balance Read the requirements Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hughes pays $105,000 Begin by computing the partner's equity base for plan a. Hughes pays $105,000 for Nedwick's equity, Hughes pays Nedwick directly. (Ento cell. Enter negative amounts with a parentheses or minus sign.) Plan A Nedwick Hughes Plan A: Partnership capital before admission of Hughes Plan A: Effect on capital balance as a result of admission of Hughes Plan A: Partnership capital after admission of Hughes Reason Question Help p books show Reason's capital balance at $100,000 and Nedwick's at $50,000. Assume Reason and Nodwick share profits and losses equally owing plans: a. Hughes pays $105,000 for Nodwick's equity Hughes pays Nedwick directly ity. Hughes pays Nedwick directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a $0 balance, make sure to enter or in the appropina Nedwick Hughes Nedwick's equity. Hughes pays Nedwick directly. (Enter a share for each partner. Complete all answer boxes. For account Reason Nedwick Hughes X Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hughes pays $105,000 for Nedwick's equity. Hughes pays Nedwick directly. b. Hughes contributes $50,000 to acquire a 1/4 interest in the partnership. c. Hughes contributes $80,000 to acquire a 1/4 interest in the partnership. 2. Joumalize the entries for admitting the new partner under plans a, b, and c. Print Done