Gomez has a capital balance of $240,000 after adjusting assets to fair market value. Banks contributes $380,000

Question:

Gomez has a capital balance of $240,000 after adjusting assets to fair market value. Banks contributes $380,000 to receive a 60% interest in a new with Gomez.
Determine the amount and recipient of the partner bonus.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...