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Problem 2 (This problem has two Parts) Part 1 Jacob and Megan are partners who share profits and losses in a ratio of 2:3, respectively, and have the following capital balances on September 30, 2021: a Jacob, Capital $200,000 Cr. Megan, Capital $300,000 Cr. The partners agree to admit Mitchell to the partnership. REQUIRED: Prepare journal entries to record the admission of Mitchell, assuming that bonuses are recorded when appropriate for each of the following assumptions (Show calculations in your booklet): a) Mitchell pays Jacob $100,000 for 40 percent of his interest b) Mitchell invests $100,000 for a 15 percent interest in the partnership Part 2 Jacob, Megan and Mitchell are partners who share profits and losses in a ratio of 2:3:4, respectively, and have the following capital balances on December 31, 2022: Jacob; Capital $200,000 Cr. Megan, Capital $300,000 Cr. Mitchell, Capital $400,000 Cr REQUIRED: Prepare the journal entry to record the withdrawal of Jacob, assuming that bonuses are recorded when appropriate for the following assumption (Show calculations in your booklet): a). Jacob is paid $227,000 from the partnership assets upon withdrawal