Problem 12-04A a-b At April 30, partners' capital balances in Pharoah Company are G. Donley $54,200, C. Lamar $45,800, 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. 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 O decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $16,200 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $15,200 in cash (3) Terrell invests $64,800 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $42,600 for a 30% ownership interest, which includes a bonus to the new partner No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. Lamar's capital balance is $39,800 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 (2) Bonus to new partner Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT