Wiggum and Terwilliger are partners in a business in which profits and losses are shared equally. Wiggum's capital account has a $64 000 balance while Terwilliger's has a balance of $36 000. Prepare the necessary journal entries for each of the following independent situations on May 13, 2022. You may assume that all payments are made in cash. (a) Terwilliger sells his interest in the company to Lovejoy for $40 000. Date Accounts Debit Credit (b) Date (c) Date Lovejoy invests $20 000 for a 20% interest in the business. (8) Accounts Debit Lovejoy invests $53 000 for a one-third interest in the business. (8) Accounts Debit Credit Credit