Question Completion Status: Click Submit to complete this assessment Question 12 A and B are partners with initial investment of $60,000 and 500,000 respectively. They share income and to try ours for A und 4096 for B. Thwyceptele poter in the partnership Required Record the admission of under each of the following separate sumption (1) purchased one-half of A's interest for $35,000 cash (2) Cinvests cash of $40,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORME DO NOT USE BETWEEN NUMBERS Dr. Cash 100000 Cr. Land 100000