1. Peter, Roberts, and Dana have the following capital balances; $150,000, $300,000 and $320,000, respectively. The partners share profits and losses 35%, 40%, and 25% respectively. Jones is going to pay a total of $220,000 directly to these three partners to acquire a 25% ownership interest in partnership. How much Goodwill will need to be recorded?

2. Donald, Anne, and Todd have the following capital balances; $40,000, $50,000 and $30,000 respectively. The partners share profits and losses 20%, 40%, and 40% respectively. Anne retires and is paid $80,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital of the remaining partners?