In the GMP, partnership (to which Elan seeks admittance), the capital balances of Mary, Gene, and Pat, who share income in the ratio of 6.3:1, are Mary Gene Pat $276,000 138,000 46,000 Required: a. If no goodwill or bonus is recorded, how much must Elan invest for a one third interest? (Do not round intermediate calculations.) Elan mastnost b. Prepare journal entry for the admission of Elan if she invests $80.200 for a 20 percent interest and goodwill is recorded of no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round Intermediate calculations.) b. Prepare journal entry for the admission of Elan if she invests $80 200 for a 20 percent interest and goodwill is recorded (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record Elan's Investment of $80,200 for a 20 percent interest. Note: Enter debits before credits Debit Credit Event General Journal c. Prepare journal entry for the admission of Elan if she invests $201.000 for a 20 percent interest. Total capital will be $661,000, the partners use the bonus method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record Elan's investment of $201,000 for a 20% interest given the total capital is $661,000. Note: Enter debits before credits Debit Credit Event General Journal 1 Prey 2 of 3 Next >