Problem 12-04A a-b At April 30, partners' capital balances in Blossom Company are G. Donley $48,000, C. Lamar $46,800, and J Pinkston $21,600. The income sharing ratios are 5 4 1, respectively. On May 1, the PDLT Company is formed by admitting J. Terrell to the firm as a partner. Your answer is correct. Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $16,600 in cash (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $14,800 in cash. (3) Terrell invests $61,200 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $43,800 for a 30% ownership interest, which includes a bonus to the new partner. No. Account Titles and Explanation Debit Credit 1. J. Pinkston, Capital 10800.00 J. Terrell, Capital 10800 2. C. Lamar, Capital 15598.44 J. Terrell, Capital 15598.44 3. Cash 61200.00 G. Donley,Capital 3960.00 J. Pinkston, Capital 792.00 J. Terrell, Capital 53280.00 4. Cash 43800.00 G. Donley, Capital 2130,00 C. Lamar, Capital 1704.00 J. Pinkston, Capital 426.00 J. Terrell, Capital 48060.00 Your answer is partially correct. Try again. Lamar's capital balance is $37,200 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner? (1) Terrell's cash investment $ 69600.00 (2) Bonus to new partner 9600.00