Hylands is admited to the partnership of Roddick & Note. Prior to her admission, the partnership books show Roddick's capital balance at $ 180,000 and Nole's at 590.000. Assume Reddick and Mole 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 Hylands pays $100.000 for Nole's equity Hylands pays Nole directly Begin by computing the partner's equity base for plan a. Hylands pay $100.000 for Nolo's equity. Hylands pays Nole directy (Enter a share for each partner. Complete all answer boxes. Fer accounts with a 56 balance, make sure to enter "o" in the appropriate cell Enter negative amounts with a parentheses or mission) Plan A Reddick Nole Hylands Partnership capital before admission of Hylands Effect on capital balance as a result of admission of Hylands Partnership capital after admission of Hylands Requirements 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hylands pays $100,000 for Nole's equity. Hylands pays Nole directly. b. Hylands contributes $90,000 to acquire a 1/4 interest in the partnership. c. Hylands contributes $135,000 to acquire a 1/4 interest in the partnership 2. Journalize the entries for admitting the new partner under plans a, b, and c. Print Done Enter any number in the edit fields and then click Check Answer. 5 parts remaining