The Struter Partnership has total partners' equity of $680,000, which is made up of Main, Capital, $476,000, and Frist, Capital, $204,000. The partners share net income and loss in a ratio of 78% to Main and 22% 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. Prepare journal entries to record the admission of Madison for a 20% interest in the equity and a 20% share in any income and loss under the following independent assumptions.