The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (40% of profits and losses) $ 170,000 Phil (40%) 140,000 Ernie (20%) 155,000 Each of the following questions should be viewed independently. If Sergio invests $210,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used. If Sergio invests $175,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus method is used. If Sergio invests $204,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the goodwill method is used. To recognize goodwill based on Sergios acquisition price. To admit Sergio to the partnership