Hiro has a capital balance of $75,000 after adjusting assets to fair market value. Marone contributes $20,000

Question:

Hiro has a capital balance of $75,000 after adjusting assets to fair market value. Marone contributes $20,000 to receive a 40% interest in a new with Hiro.
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...