Instructions Gee's interest for $$65,000.$ Loren Rothman contributes $$125,000$ cash to the partnership, for which she is to receive an ownership equity of $$125,000.$

a$.$ On December $31,$ journalize the entries to record the admission of $(1)$ Darcey Lind and $(2)$ Loren Rothman.

b$.$ What are the capital balances of each partner after the admission of the new partners?