I can't seem to figure out record the admission of Helen and calculating ending capital balance of each partner after the admission of Helen. I'm sure that answering the first question will help with the remaining.

Any help would be greatly appreciated.

On January 1 , 2016, Amy, Bob , and Mike decided to form a partnership to start a small public accounting firm . Amy , Bob , and Mike have invested$ 73, 000, $56, 000 and $68, 000 respectively . Mike has also invested a piece of equipment that is worth $3,000 . During the first year of operations in2016 , the firm earned a net income of $290, 000 . All earnings are to be divided according to the initial capital contribution of each partner . In addition ,Amy and Bob withdrew $9, 400 and $9, 400 cash from the business . During the second year of operations on January 1 , 2017 , a new partner ( Helen !was added to the firm . Helen purchased 70% of Amy's investment and 9% of Mike's investment (equity' ; in the business*al Assume year -end is on December 31 , prepare the journal entries to set up the partnership , record the drawings , and distribute the income for2016. Also , prepare any additional closing or adjusting entries .Do not enter dollar signs or commas in the input boxesRound all answers to the nearest whole dollar .*For transactions with more than one debit or credit , enter the accounts in alphabetical order ."DateAccount Title and ExplanationDebitCreditJam "Cash$ 1V197000Equipment3.000Capital - Amy$ 1473.000Capital - BobCapital - Mike*$ 1V71000To record set up of partnershipDEC 31Drawings - AMTy$ 1V9:400Drawings - Bob$400Cash$ 1V18.800To record owner drawing accounts during the year DEC 31Income Summary$ 1V29.9000Capital - Amy$ 1V1091.35Capital - Bob8:3720Capital - Mike*$ 1V1061 45To close income summary accountDEC 31/Capital - Amy$ 1V9:400Capital - Bob$ 1V9:400\Drawings - Amy$ 1V9400Drawings - Bob$ 1V9:400To close drawing accounts` ) Prepare the journal Entry to record the admission of Helen .DateAccount Title and ExplanationDebitCreditJan 1Capital - AmyCapital - Mike*Capital - Helen$ 1VTo record admission of new partner C ) Calculate the ending capital balance of each partner after the addition of Helen on January 1 , 2017 .Use the negative sign for capital transfers that are subtracted .AMTTYBobMikeHelenBeginning Capital Balance*73.00056.000\71000|VShare of net incomeSubtotalDrawings19400|V/ 1 1 9400INCapital transferEnding Capital Balance*