Jaydyn upworth is admitted to a partnership. Prior to the admission of Upworth, the partnership books show Tori Wiseman's Capital balance at $80,000 and Alvin Bridges Capital balance at $40,000 Wiseman and Bridges share profits and losses equally Required 1. Compute the amount of each partner's equity on the books of the new partnership under the following plans a b. c. Upworth purchases Bridges' interest in the business, paying $47,750 directly to Bridges Upworth invests $40,000 to acquire a one-fourth interest in the partnership Upworth invests $85,000 to acquire a one-fourth interest in the partnership 2. Make the partnership journal entry on March 4 to record the admission of Upworth under plans (a), (b) and (c) in Requirement 1. Explanations are not required