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 $249,600 124,800 41,600 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 must invest b. Prepare Journal entry for the admission of Elan if she invests $80,400 for a 20 percent interest and goodwill is recorded. (If no entry is required for o 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 $80.400 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