Question 3 of 6 8 Points Fill in the blanks: Tim and Michelle have decided to form a partnership with a 50/50 partnership interest ratio. Tim contributes P7500 cash and merchandise inventory with a market value of P1500. Michelle, on the other hand, invests cash amounting to P6000. Assume bonus method in answering the following questions: a. In recording Tim's cash and merchandise investments, Tim, Capital will be credited for b. In taking into effect bonus method to adhere to the agreed 50/50 interest ratio, Tim, Capital will be (debited or credited?) for (amount). c. After recording the investments and transfer of interest, Michelle's capital amount to