ll is the total capital of the BIG partnership immediately after the assignment of the interes to Per? E 16-7 Recording new partner investmert The capital accounts of the Fax and Bel partnership on September 30, 2016, were Fax capital (75% profit) Bel capital (25% profit) $140,000-f Rob (40 Total capital $200,000 On October 1, Rob was admitted to a 40 percent interest in the partnership when he purchased 40 percent of each existing partner's capital for $120,000, paid directly to Fax and Bel. REQUIRED 1. Determine the capital balances of Fax, Bel, and Rob after Rob's admission to the partnership if goodwill 2. Determin s not recorded e the capital balances of Fax, Bel, and Rob after Rob's admission to the partnership if goodwill is recorded, assuming that the book value and fair value of recorded assets are equal