Penn has $90,500 capital and Haymer has $44,500 capital in the Penn & Haymer partnership. Penn and Haymer share profits and losses equally. Nick Powell contributes cash of $45,000 to acquire a 1/4 interest in the new partnership. Requirements 1. Calculate Powell's capital in the new partnership 2. Journalize the partnership's receipt of the $45,000 from Powell. Requirement 1. Calculate Powell's capital in the new partnership. (Leave unused cells blank. Do not enter a "0" for a zero balance.) Partnership capital before admission of new partner Contribution of new partner Partnership capital after admission of new partner Capital of new partner Bonus to Requirement 2. Journalize the partnership's receipt of the $45,000 from Powell. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next