On May 2, Stevens agrees to sell Edwards $100,000 of his partnership interest for $200,000 cash. Steven's capital account will be credited for $100,000 Steven's capital account will be credited for $200,000 Edward's Capital account will be credited for $200,000 Edward's Capital account will be credited for $100,000 Stevens & Edwards agree to add Philips to their parterns upon an investment of $100,000 in equipment Total partnership capital will increase by $100,000 Stevens & Edwards capital will decrease by $50,000 each Stevens & Edwards capital will increase by $50,000 each Total Assets will decrease by $100,000