The Struter Partnership has total partners' equity of $500,000. which is made up of Main. Capital. $350.000, and Frist. Capital, $150.000. The partners share net income and loss in a ratio of 71% to Main and 29% to Frist. On November 1. Madison is admitted to the partnership and given a 20% interest in equity and a 20% share in any income and loss. Assume Madison invests cash of $125,000. Prepare the journal entry to record the admission of Madison. Assume Madison invests cash of $160,000. Prepare the journal entry to record the admission of Madison