Problem 7) (10 points) Carter and Gore are partners in an automobile repair business. Their respective capital balances are $500,000 and $300,000, and they share profits in a 3:2 ratio. Because of growth in their repair business, they decided to admit a new partner. Bush is admitted to the partnership, after which Carter, Gore, and Bush agree to share profits in a 3:2:1 ratio. Required: Prepare the necessary journal entries to record the admission of Bush in each of the following independent situations: A. Bush invests $400,000 for a one-fourth capital interest but will not accept a capital balance of less th his investment. B. Bush invests $150,000 for one-fifth capital interest. The partners agree that assets and the firm as a whole should be revalued. C. Bush purchases a 20% capital interest from each partner. Carter receives $100,000 and Gore receiv $50,000 directly from Bush