The ABCD Partnership has the following balance sheet at January 1, 2018:
	Cash and Current Assets	39,000.00		Liabilities	$ 52,000
	Land	234,000		Adams, Capital	26,000
	Buildings and Equipment	130,000		Barnes, Capital	52,000
				Cordas, Capital	117,000
				Davis, Capital	156,000
	Total	$ 403,000		Total	$ 403,000
Required:
Answer the following questions. Consider each question independently of the others. Round all calculations to the nearest whole dollar.
5.	Eden, an incoming partner, contributes $49,000 cash directly to the partnership in exchange for a 25% partnership interest. The four original partners share profits and losses equally. Using the bonus method, determine the capital balances for each of the five partners after Eden joins the partnership. (2 points)
6.	Eden, an incoming partner, contributes $124,000 cash directly to the partnership in exchange for a 20% partnership interest. The four original partners share profits and losses as follows: Adams, 20%; Barnes, 25%; Cordas, 25%; Davis, 30%. Using the goodwill method, determine the capital balances for each of the five partners after Eden joins the partnership. (2 points)
7.	Adams decides to withdraw from the partnership, and the other partners agree to pay Adams $50,000. The four partners share profits and losses as follows: Adams, 20%; Barnes, 25%; Cordas, 25%; Davis, 30%. Using the bonus approach, determine the capital balances for each of the remaining three partners after Adams' withdrawal. (3 points)