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$264,000 Gene 132,000 Pat 44,000 Required

a. If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest? (Do not round intermediate calculations.)

b. Prepare journal entry for the admission of Elan if she invests $81,100 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.)

c. Prepare journal entry for the admission of Elan if she invests $202,000 for a 20 percent interest. Total capital will be $642,000; 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.)