The Dobler and Menke Partnership has partner capital account balances as follows:Dobler, Capital $$550,000$Menke, Capital $$200,000$The partners share income and losses in the ratio of $60\%$ to Dobler and $40\%$ to Menke.Instructions:Prepare the journal entry on the books of the partnership to record the admission of Sloan as a new partner under the following three independent circumstances$\mathrm{.}1.$ Sloan pays $$400,000$ to Dobler and $$150,000$ to Menke for one$-$half of each of their ownership interest in a personal transaction$2.$ Sloan invests $$600,000$ in the partnership for a one$-$third interest in partnership capital$\mathrm{.}3.$ Sloan invests $$240,000$ in the partnership for a one$-$third interest in partnership capital.