The following is the current balance sheet for a local partnership of doctors:

The following questions represent independent situations:

a$.$ E is going to invest enough money in this partnership to receive a $20$ percent interest. No goodwill or bonus is to be recorded. How

much should $E$ invest?

b$.$ E contributes $$60,000$ in cash to the business to receive a $10$ percent interest in the partnership. Goodwill is to be recorded. Profits

and losses have previously been split according to the following percentages: A$,30$ percent; B$,10$ percent; C$,40$ percent; and D$,$

$20$ percent. After $E$ makes this investment, what are the individual capital balances?

c$.$ E contributes $$60,000$ in cash to the business to receive a $20$ percent interest in the partnership. Goodwill is to be recorded. The

four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances?

d$.$ E contributes $$84,000$ in cash to the business to receive a $20$ percent interest in the partnership. No goodwill or other asset

revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A$,10$ percent; B$,$

$30$ percent; C$,20$ percent; and D$,40$ percent. After E makes this investment, what are the individual capital balances?

e$.$ C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to $115$ percent of her final

capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After the

withdrawal, what are the individual capital balances of the remaining partners?

Complete this question by entering your answers in the tabs below.

Req A $,$ Req B to E

b$.$ E contributes $$60,000$ in cash to the business to receive a $10$ percent interest in the partnership. Goodwill is to be

recorded. Profits and losses have previously been split according to the following percentages: A$,30$ percent; $B,10$ percent;

C$,40$ percent; and D$,20$ percent. After E makes this investment, what are the individual capital balances?

c$.$ E contributes $$60,000$ in cash to the business to receive a $20$ percent interest in the partnership. Goodwill is to be

recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual

capital balances?

d$.$ E contributes $$84,000$ in cash to the business to receive a $20$ percent interest in the partnership. No goodwill or other asset

revaluation is to be recorded. Profits and losses have previously been split according to the following percentages: A$,10$

percent; B$,30$ percent; C$,20$ percent; and D$,40$ percent. After E makes this investment, what are the individual capital

balances?

e$.$ C retires from the partnership and, as per the original partnership agreement, is to receive cash equal to $115$ percent of

her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses

equally. After the withdrawal, what are the individual capital balances of the remaining partners?

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