On January 1, 2020, the partnership of Adams, Brinkman, & Cedric have a balance sheet as follows Cash $ 210,000 Liabilities $ 510,000 Other assets 1,500,000 Adams, Capital (40%) 300,000 Brinkman, Capital (40%) 480,000 Cedric Capital (20%) 420,000 $1.710.000 $1.710.000 The profit and loss sharing percentages are shown above in parenthesis The assets are fairly valued on the above balance sheet. The partnership wishes to admit Derrick as a new 1/5 partner, without recording goodwill or bonus Derrick should invest cash or other assets in the amount of The profit and loss sharing percentages are shown above in parenthesis The assets are fairly valued on the above balance sheel. The partnership wishes to admit Derrick as a new 1/5 partner, without recording goodwill or bonus Derrick should invest cash or other assets in the amount of $342.000 $300,000 $427,500 $240,000