Question 2 3 points Save Answer A and B are partners with initial investment of $120,000 and $80,000 respectively. They share income and loss by 60% for A and 40% for B. They accepted C as a new partner in the partnership Required: Record the admission of C under each of the following separate assumptions: 1- C purchased one-half of A's interest for $70,000 cash 2-C invests cash of $80,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE "" BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI V S Paragraph Arial I. 4o da 14px