Morgan joins a partnership, which has current capital balances and profit-loss ratio as below Capital Balance Share in Profit or Loss Partner Jack S 50,000 Jill 30,000 Wilson 20,000 Total S 100,000 30% 50 20 100% Using the above information, answer the Questions a), b), and c) independently/ a) Morgan pays $30,000 to the three existing partners buying 20% of total capital Prepare a journal entry when Morgan joins the partnership under the goodwill method, assuming the fair market values of assets and liabilities of the partnership are the same as their current book values. (Show your work) (8 points)