Serial Problem Business Solutions LO P3 At the start of 2016, Santana Rey is considering adding a partner to her business. She envisions the new partner taking the lead in generating sales of both services and merchandise for Business Solutions. S. Rey's equry in Business Solutions Is reflected in the following capital balance as of January 1, 201 Required: 2 Prepare the January 1, 2016, journal entries necessary to admit a new partner to Business Solutions through the purchase of a partnershlp interest for each of the following two separate cases: (a) 11 sharing agreement and (b) 41 sharing agreement Record the admission of a new partner at a 1:1 ownership interest. 1 2 Record the admission of a new partner at a 4:1 ownership interest