Required information In the AD partnership Allen's capital is $140,000 and Daniel's $40,000 and they share income in a 3:1 ratio, respectively They decide to admit David to the partnership. Each of the following questions is independent of the others Refer to the information provided above Assume that David Invests 550.000 for a one-fourth interest Goodwill is to be recorded. The journal to record David's adimination into the partnership will include Multiple Choice bo goodwill for $7.500 sto cash for $50.000 acred to David Capital for 50.000 Cotto David Canolfo 60.000