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part 2

part 3

Please answer and explain all parts .Thank you!

The capital account balances for Donald & Hanes LLP on January 1, 2018, were as follows: Donald, Capital $200,000 Hanes, Capital 100,000 Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash and no goodwill was recognized What is the balance of May's capital account after the new partnership is created? a. 584,000 b. $100,000 c. 5140,000 d. $176,000. e. $200,000 C contributes $38,000 to the partnership and the bonus method is used. What amoure will be credited for C's beginning capital balance? a $20,000 b. $25,000 $27,600. d. $32,600. e. $38,000. if C contributes $40,000 to the partnership and the goodwill method is used, what amount will be debited for goodwill? a. $15,000. b. $20,000. c. $25,000 d. $28,000. e. $60,000