Questions 15-18 are based on the following: Following is the current balance sheet for a local partnership of doctors: 30,000 Liabilities 40,000 Cash and current assets Land Building and equipment (net) 180,000 A, capital 20,000 100,000 B, capital 40,000 C, capital D, capital 90,000 120,000 Totals 310,000 Totals $ 310,000 Parts A & B represent independent situations: Required: Compute the amounts requested and enter your answer on the examination answer sheet A. E contributes $42,000 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. Profits and losses have previously been split according To the following percentages: A, 30 percent; B, 10 percent, C, 40 percent; and D, 20 percent. After E makes this investment, what are the capital balances of A and E? 15 A's capital balance 16 E's capital balance B. E contributes $55,000 in cash to the business to receive a 20 percent interest in the partnership. No goodwill or other asset revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A, 10 percent; B. 40 percent; C, 30 percent; and D. 20 percent. After E makes this investment, what are the capital balances of A and E? 17. A's capital balance 18 E's capital balance