Problem 13 The following balance sheet is for the partnership of Allra, Bal Charles and Don, who share profits in the ratio of 5:2-21 Awit Cash Other assets $ 30,000 594.000 5684.000 Liabilitar and capital Liabilities $184.000 Allen capital 300,000 Bill capital 90,000 Charles capital 60.000 Don Capital 50,000 $684.000 Required: PARTA The partness consider that the book values of the partnership net assets are falely repre sentative of current market value. They have agreed to admit Fart into the partnership Earl will invest $115.000 for a 20% interest in capital (al by means of ournal entries indicate the possible ways of recording the doon of Earl to the partnership (t) Faluate exch of the journal entries you we prepared PART B The partners decide to liquidate the business rather than admit Earl Don received a total of $7.250 during the liquidation process which is now complete Calculate how much Allan. Bill, and Charles each received