Pell company of Demers company

The capital account balances for Donald & Hanes LLP on January 1, 2013, wer a Donald, capita $200,000 100,000 Hanes, capital Donald and Hanes shared net income and losses in the ratio of 60% to to admit May to the partnershi 40%. The partners agreed p with a 35% interest in partnership capital and net income. May invested $100,000 cash, the bonus method is used. 1). What is the balance 1). What is the balance A. $84,000. B. $100,000. C. $140,000. D. $176,000 E $200,000. of May's capital account after the new partnership is created? cap 2). W A. $84,000. B. $100,000. C. $140,000 D. $176,000. E. $200,000. hat is the balance of Donald's capital account after the new partnership is created? 3). What is the balance of Hanes's capital account after the new partnership is created? A. $84,000. B. S100,000. C. $140,000 D. $176,000. E. $200,000. 4). What is the new total balance of the partnership accounts? A. $84,000. B. $140,000. C. $176,000 D. $200,000 E. $400,000 5). If the goodwill method is used, May is bringing in about how much goodwill? A. $84,530. B. $46,350. C. $61,540. D. S75,730 E. $23,750