Scenario 1: Gus and Jake have capital balances of $85,000 and $70,000, respectively. They
share in profits and losses 1:2. They want to admit Snoopy to the partnership. Snoopy is
required to pay $45,000 for a 25% interest in capital.
	1. Assuming they admit Snoopy using the bonus method, what is the amount
	of the bonus?
	2. Assuming they admit Snoopy using the bonus method, what are the ending
	capital balances of Gus, Jake, and Snoopy?
Scenario 2: Dan, Ralph, and Lori are partners with capital balances of $60,000, $80,000, and
$50,000, respectively. They share in profits and losses 2:1:1. Lori decides to withdraw. The
fair value of the land was revalued from $200,000 to $240,000 and inventory was revalued
from $40,000 to $50,000.
	1. What amount of cash will Lori receive regardless of the method of
	withdrawal?