Cornell and Roberts are partners who agree to admit Stanley to their partnership. Cornell has a capital balance of $80,000 and Roberts has a capital balance of $120,000. Cornell and Roberts share net income in the ratio of 7:3 respectively. Prepare journal entries to admit Stanley to the partnership based on the following independent agreements. Round all amounts to the nearest dollar. a) Stanley invests $150,000 cash into the partnership for a 20% interest. b) Stanley invests $150,000 cash into the partnership for a 45% interest. c) Stanley purchases one-quarter of Conell's capital for $35,000.