Question three: (8 points) X and Y. share income on a 6:4 basis. They have capital balances of $100,000 and $60,000, respectively, when Z. is admitted to the partnership. Instructions Prepare the journal entry to record the admission of Z. Under each of the following Assumptions (a) Investment of $90,000 cash for a 30% ownership interest with using goodwill approach? .(b) Investment of $50,000 cash for a 30% ownership interest with using bonus approach