A Moving to another question will save this response. tion 9 and B are partners with initial investment of $60,000 and $40.000 respectively. They share income and loss by 60% for A and 40% for B. They accepted as partes into Required: Record the admission of C under each of the following separate assumptions: 1) C purchased one-half of A's interest for $35.000 cash. 2) C invests cash of $40,000 in the partnership and receives 25% ownership interest in the new partnership YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM: DO NOT USE BETWEEN NUMBERS: Dr. Cash 100000 Cr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). U S Paragraph Arial 14px T: A 60000 B 40000 dr A Capital 30000 I cr B Capital 30000 2. dr cash 40000 cr