tc) Post to the cash and capital accounts 12- A1 April 30, partners' capital balances in YBG Companv are: Younger >30,000 Bevel $16,000, and Giger s 10.000 The income shanng ratios are 53:2 respectively. On May 1 . the YBGE Companis iormed by admitting Edelman to the firm as a partner Instructions (a) Journalithe admission ot Edelman under each of the following independent assumpions ) Edelman purchases 50 of Giger's ownership interest by paving Giger $4,000 in (2) Edelman pui hases 50% of Bevers ownership interestbypning Bever $10,000 in (3) Edelman invests 32,000 cash in the partnership for a 40% ownership interest del man invests 24,000 in the partnership for a 20% ownership interest, and ) Bever's capital balance is s25,000 after admitting Edelman to the partnership bv cash caish that includes a bonus to the new partne (4) E bonuses are given to the old partners were (1) Edelman's cash imestment and (2) the total bonus to the old partners On December 31, the capital balances and income ratios in DUYP Compon a investment ll Beyers ownership interest is 25% of totalpart ner ship capital, shut