Problem 1, at March 31, the partners capital balance in EMI company are Eaton $50,000, Mooney $23,000, and Larry $22,000. The income sharing ratios are 5:4:1, respectively. April 1, the EMLS company is formed by admitting Stein to the firm as a partner Instructions: Journalize the admission of stein under each of the following independent assumptions. a) Stein purchases 50% of Mooneys ownership interest by paying Mooney $18,000 in cash b) Stein invests $40,000 cash in the partnership for a 35% ownership interest that includes a bonus to the new partner, c) Stein invests $25,000 in the partnership for a 10% ownership interest and bonuses are given the old partners.