nership of One 8 Two admits Three as a partner on January 1.202. ch on the icon to view the balance sheet.) ure of profits and losses is 60% and Two receives 40%. teguitements: Requirements (Items 1,2, and 3 are independent) 1. Suppose Three pays Two $36,000 to buy out Two. One approves Three as a partner. a. Record the transfer of equity on the partnership books on January 1.2024. ment 1. Suppese Three pays Two $36,000 to buy out Two. One ap b. Prepare the partnership balance sheet immediately after Three is admitted as a partner. d the transfer of equity on the partnership books on January 1,202 2. Suppose Three becomes a partner by contributing $46,000 cash on January 1,2024 , to acquire a one-fourth interest in the business. a. Compute Three's capilal balanoe, and determine whether there's any bonia. If so, who gets the bonus? b. Journalize Three's contritution in the business: c. Prepare the parthership balance sheet immediately after Three is admitied as a partinet, Include the heading. 3. Assume the One \& Two partnership liquidates by selling its non-eash assets for $61,000. Prepare the enteres to liquidate the partnership on January 1,2024. the parthership balance sheet immedialely after Three is admitte ieave the box empty, do not select a label cr enter a zero.) The partnership of One \& Two admits Three as a parther on Janu E1 (Click on the ioon to view the balance sheet) One's share of profits and losses is 60% and Two receives 40%. Read the requiremants: b. Prepare the partnership balance sheet immediately afler Three in the table leave the box empty, do not select a label or enter a x