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Question 3-3 Dima and Lama share income on a 7: 3 basis. They have capital balances of $100,000 and $80,000, respectively, when Sara is admitted

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Question 3-3 Dima and Lama share income on a 7: 3 basis. They have capital balances of $100,000 and $80,000, respectively, when Sara is admitted to the partnership. Sara Investment of $50,000 cash for a 30% ownership interest. Journalize the entry to record the admission of Sara by using Goodwill method. Calculate the new profit sharing ratio and sacrificing ratio

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