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.

Assume that the partnership decides to admit Snider as a new partner with a $25$ percent interest.

c$.$ A bonus of $$24,000$ is to be paid by Snider and allocated to the original partners.

d$.$ The original partners, Der, Egan, and Oprins, agree to give Snider $$10,000$ of goodwill upon admission to the parte.

e$.$Other assets are revalued for an increase of $$20,000,$ and goodwill of $$40,000$ is recognized and allocated to the original partners at the time of Snider$$s admission.nership.