On March 31 of the current year, the capital accounts of the three existing partners and their shares of profits and losses are as follows: Capital Profit-and-Loss % Pike................ $ 50,000 20% Quinn 100,000 30% Reed.......... 150,000 50% Pike, Quinn, and Reed are considering adding Shipp as a new partner on April 31 Shipp invests $200,000 in the partnership, acquiring a one-fourth interest in the business. Journalize the admission of Shipp as a partner on March 31 (20 p.)