why are 58000 and 16000wrong

Problem 1 - At April 30, partners' capital balances in PDL Company are G. Donley $52,000, C. Lamar $48,000, and ). Pinkston $18,000. The income sharing ratios are 5: 4:1, respectively. On May 1, the POLT Compa formed by admitting ). Terrell to the firm as a partner, Your answer is correct Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. How answers to decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $16,000 in cash. (2) Terrell purchases 33 % of Lamar's ownership interest by paying Lama $15.000 in cash, (3) Terrell invests $62,000 for a 30% ownership interest, and bonuses are given to the old partners (4) Terrell invests $42,000 for a 30% ownership interest, which includes a bonus to the new partner No. Account Titles and Explanation Dehlt 1. Pinkston, Capital T ). Terrell, Capital 2. Lamar, Capital T ). Terrell, Capital T G. Donley, Capital T C Lamar Capital 1 T J. Pinkston, Capital T . Terrell, Capital 3. Pinkston, Capital BERE G. Donley, Capital TC Lamar, Capital T ). Terrell, Capital T SHOW SOLUTION LINK TO TEXT Your answer is incorrect. Try again Lamar's capital balance is $32,000 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash investment and (2) the (1) Terrell's cash investment 58000 (2) Bonus to new partner Good Click if you would like to show Work for this questions Open Show Werk