Use the following information to answer the next 2 questions Albert and Bill have decided to form a partnership. Albert is to contribute $120,000 cash to the partnership for a 60% share of the capital, and Bll will contribute $30,000 for a 40% share 7. Using the bonus method, what will ber each partner's capital balance? Abert $120,000, Bar $30,000. Albert $90,000, Bill $60,000 Avert $80.000, B.ll $70.000. Some other combination. 8. Using the goodwill method what will be each partner's captal balance? (Assume that Alsert's contribution represents 60% of the partnership's true value) Abert $110,000, Bul $90,000 Albert $120,000, Ball $80,000 Albert $150,000 Bill $50,000 Same other combination