Question 4 Me, Myself and Aye are partners sharing profits and losses in the ratio of 2:3:5 respectively. The partnership balance sheet at August 30, 2016 follows: Me 40,000 40 pts Myself 60,000 Aye 100,000 A. Assuming that Ako is admitted by purchase of interest and paid 40,000 for a 40% interest. 1. How much is the total capital after Ako's Admission? 2. What will be the new share of Aye after Ako's Admission? 3. What is the adjusted capital of Myself after Ako's admission? 4. What amount will be debited to the capital of Me after Ako's admission? 5. What amount will be credited to Ako upon his admission?