Hynes is admitted to the partnership of Rengel & Nedwick. Prior to her admission, the partnership books show Renge's capital balance at $150,000 and Nedwick's at $75,000. Assume Rengel and Nedwick share profits and Klosses equally Read the requirements Requirement 1. Compute each partner's equity on the books of the new partnership under the following plans: a. Hynes pays $125,000 for Nedwick's equity. Hynes pays Nedwick directly Begin by computing the partner's equity base for plan a. Hynes pays $125,000 for Nedwick's equity. Hynes pays Nedwick directly. (Enter a share for each partner. Complete all answer boxes. For accounts with a 50 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 Hynes Plan A: Effect on capital balance as a result of admission of Hynes Plan A Partnership capital after admission of Hynes Rengel Nedwick Hynes