The capital accounts of Jonathan Faber and Faheem Ahmad have balances of $150,000 and $110,000, respectively. Lauren Wells and Rachel Lee are to be admitted to the partnership. Wells buys 20% of Faber's interest for $35,000 and 25% of Ahmad's interest $25,000. Lee contributes $70,000 cash to the partnership, for which she is to receive an ownership equity of $70,000. A. Journalize the entries to record the admission of Wells and Lee. B. What are the capital balances of each partner after the admission of the new partners