The JKLM Partnership has the following balance sheet at January 1, 2022, prior to the admission of new partner, Norton. Cash and current assets Land Building and equipment $ 39,000 234,000 130,000 Liabilities Jack, capital $ 53,000 30,000 Ken, capital 40,000 Total $ 403,000 Larry, capital Michael, capital Total 120,000 160,000 $ 403,000 Norton contributes $45,000 into the partnership for a 25% interest. The four original partners share profits and losses equally. Using the bonus method, determine the balances for each of the five partners after Norton joins the partnership.