The partnership of Darman and Evan has been operating for several years. The partners have the following capital accounts and profit-and-loss-sharing ratios: Capital P&L Darman, Capital $740,000 70% Evan, Capital 520,000 30% $1,260,000 100% They plan to admit a new partner, Ford, into the partnership. Prepare the requested journal entries under the following INDEPENDENT scenarios. Note the new partner's ownership interest can differ between questions. 1. Ford invests $960,000 for a 40% share in capital and profits & losses. Use the bonus method. 2. Ford invests $960,000 for a 40% share in capital and profits & losses. Use the goodwill method. 3. Ford purchases 60% of Darman and Evan's interests for a total price of $889,000 (the partners receive the cash, not the partnership). Use the bonus method. 4. Ford invests $420,000 for a 30% share in capital and profits & losses. Use the goodwill method. 5. Ford invests $420,000 for a 30% share in capital and profits & losses. Assume overvalued assets