The ABCD Partnership has the following balance sheet (with the profit & loss ratios) at January 1, 2020, prior to the admission of new partner, Eden. $ $ Cash and current assets Land Building and equipment 39,000 234.000 130,000 Liabilities Adams, capital 30% Barnes, capital 10% Cordas, capital 40% Davis, capital 20% Total 52,000 26.000 52.000 117,000 156.000 403,000 Total 403,000 Required: Compute the amounts requested Eden contributes $71,500 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. After Eden makes this investment, what are the capital balances of A & E? 1. A's Capital balance 2. E's Capital balance Eden contributes $49,000 in cash to the business to receive a 25 percent interest in the partnership. No goodwill or other asset evaluation is to be recorded. After E makes this investment, what are the capital balances of A and E? 3. A's Capital balance 4. E's Capital balance The ABCD Partnership has the following balance sheet (with the profit & loss ratios) at January 1, 2020, prior to the admission of new partner, Eden. $ $ Cash and current assets Land Building and equipment 39,000 234.000 130,000 Liabilities Adams, capital 30% Barnes, capital 10% Cordas, capital 40% Davis, capital 20% Total 52,000 26.000 52.000 117,000 156.000 403,000 Total 403,000 Required: Compute the amounts requested Eden contributes $71,500 in cash to the business to receive a 20 percent interest in the partnership. Goodwill is to be recorded. After Eden makes this investment, what are the capital balances of A & E? 1. A's Capital balance 2. E's Capital balance Eden contributes $49,000 in cash to the business to receive a 25 percent interest in the partnership. No goodwill or other asset evaluation is to be recorded. After E makes this investment, what are the capital balances of A and E? 3. A's Capital balance 4. E's Capital balance