(Variation of Powerpoint slide example beginning on slide 14-46): King and Wilson partnership report capital balances of $80,000 and $20,000, respectively. Articles of partnership state that King receives 60 percent of profits and losses and Wilson 40 percent each year. Partners agreed to allow Goldman to enter the partnership for $20,000 with the money going to the original partners. The partnership includes land whose market value is $30,000 more than book value. All parties have agreed that Goldman receives an initial 10 percent interest in the net assets of the partnership. 1. What are the main differences in this problem compared to the example in the Powerpoint (lecture) slides? 2. Record the journal entries needed for: a.) Bonus Method b.) Goodwill Method c.) Hybrid Method (Variation of Powerpoint slide example beginning on slide 14-46): King and Wilson partnership report capital balances of $80,000 and $20,000, respectively. Articles of partnership state that King receives 60 percent of profits and losses and Wilson 40 percent each year. Partners agreed to allow Goldman to enter the partnership for $20,000 with the money going to the original partners. The partnership includes land whose market value is $30,000 more than book value. All parties have agreed that Goldman receives an initial 10 percent interest in the net assets of the partnership. 1. What are the main differences in this problem compared to the example in the Powerpoint (lecture) slides? 2. Record the journal entries needed for: a.) Bonus Method b.) Goodwill Method c.) Hybrid Method