On January 1, 2021, Larson and Garcia LLP admitted Mason to a 25% interest in net assets for an investment of $80,000 cash. Prior to the admission of Mason, Larson and Garcia had net assets of $140,000 and an income-sharing ratio of 20% to Larson and 80% to Garcia. After the admission of Mason, the partnership contract included the following provisions:

Salary of $50,000 a year to Mason.

Remaining net income in ratio Larson 30%, Garcia 50%, Mason 20%.

During the fiscal year ended December 31, 2021, the partnership had income of $110,000 prior to recognition of salary to Mason.

Required:

a) Record the journal entry for the admission of Mason. Goodwill is not to be recorded.

b) Record the journal entry to allocate the salary of Mason.

c) Record the journal entry to record the remainder of net income to the capital accounts.