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 Required: o. If no goodwill or bonus is recorded, how much must Elan invest for a one-third interest? b. Prepare journal entry for the admission of Elan if she invests $81,200 for a 20 percent interest and goodwill is recorded. c. Prepare joutnal entry for the admission of Elan if she invests $201,000 for a 20 percent interest. Total capital will be $669,000, the partners use the bonus method. Complete this question by entering your answers in the tabs below