share income in the ratio of 2:2:1 are: $100,000 $100,000 $50,000 + 112,500 3 so, oso 3 1121500 westion 2 (3 points) in the WXY partnership (to which Z seeks admittance), the capital balances of W, X, and Y, who W - 3cz,so Y - 2 Record the entry to admit Z, if Z invests $112,500 for a one-third interest, and goodwill is recognized for Z Account DR CR 8636X X Y.cap X 43) z.cap 21590x Wice t.cap 8636X 6 Question 3 (3 points) The balance sheet for Mustafa, Nabeel, and Omar, who shares profits and losses in the ratio of 4:5:1 respectively, shows the following account balances: Cash $ 25,000 Accounts Payable $75,000 Inventory 180,000 Mustafa, Capital 80,0004 Nabeel, Capital 22,500 Omar, Capital 27,500 9000- 10 $205.000 $205.000 Assume all three partners are personally insolvent, If all the inventory is sold for $90,000, Mustafa will receives liquidation. upon