Required Information The following condensed balance sheet is presented for the partnership of Der, Egan, and Oprins, who share profits and losses in the ratio of 4:3:3, respectively. Cash Other Assets Total Assets $ 40,000 710,000 Accounts Payable Der, Capital Egan, Capital Oprins, Capital $ 750,000 Total Liabilities and Capital $ 150,000 260,000 180,000 160,000 $ 750,000 Assume that the partnership decides to admit Snider as a new partner with a 25 percent interest. Required: b. Goodwill of $30,000 is to be recorded and allocated to the original partners. Note: If no entry is required for a transaction/event, select "No journal entry required" In the first account field. View transaction list Journal entry worksheet A B Record the allocation of goodwill to the original partners. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal