Meir, Benson, and Lau are partners and share income and loss in a 1:4:5 ratio. The partnership's capital balances are as follows: Meir, $38,000; Benson, $159,000; and Lau, $203,000. Benson decides to withdraw from the partnership, and the partners agree not to have the assets revalued upon Benson's retirement. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February 1 with a 25% equity.

Prepare journal entries to record Rhodes entry into the partnership under each of the following separate assumptions:

Rhode invests

(a) $133,333; Record the admission of Rhode with an investment of $133,333 for a 25% interest in the equity.

(b) $97,333; Record the admission of Rhode with an investment of $97,333 for a 25% interest in the equity.

c) $174,666.; Record the admission of Rhode with an investment of $174,666 for a 25% interest in the equity. (Do not round your intermediate calculations.)