Question 2 Admission of a partner Nemo is admitted to a partnership on May 1, 2020. Prior to his admission, the partnership books show Dory's capital balance at $230,000 and Marlin's capital balance at $95,000. Dory receives 75% and Marlin receives 25% of any profit or loss. Required: Prepare the journal entries for each of the following independent situations. Show all calculations. a) Nemo pays $290,000 for Dory's equity. Nemo pays Dory directly. b) Nemo invests $55,000 to acquire a 25% interest in the partnership