Current Attempt in Progress Edward Phoenix and Brian Tucson are partners in an electrical repair business. Their respective capital balances are $89,400 and $49,100, and they share profits and losses equally. Because the partners are confronted with personal financial problems, they decided to admit a new partner to the partnership. After an extensive interviewing process they elect to admit Anthony Dallas into the partnership. Prepare the journal entry to record the admission of Anthony Dallas into the partnership under each of the following conditions: 1. Anthony acquires one-fourth of Edward's capital interest by paying $31,200 directly to him. 2. Anthony acquires one-fifth of each of Edward's and Brian's capital interests. Edward receives $25,300 and Brian receives $15,200 directly from Anthony. 3. Anthony acquires a one-fifth capital interest for a $57,900 cash investment in the partnership. Total capital after the admission is to be $196,400. 4. Anthony invests $39,280 for a one-fifth interest in partnership capital. Implicit goodwill is to be recorded, consistent with the non-GAAP use of the goodwill method for internal purposes