current solutions on chegg are not the same as this problem.

Following is the current balance sheet for a local partnership of doctors $ 78,000 Liabilities 212,000 A, capital Building and equipment (net 170,000 B, capital C, capital D, capital 70,000 50,000 70,000 120,000 150,000 Cash and current assets Land Totals 460,000 Totals $ 460,000 The following questions represent independent situations a. E is going to invest enough money in this partnership to receive a 25 percent interest. No goodwill or bonus is to be recorded. How much should E invest? E investment b. E contributes $45,000 in cash to the business to receive a 10 percent interest in the partnership Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent, and D, 20 percent. AfterBE makes this investment, what are the individual capital balances? Individuals Balances Capital c. E contributes $56,000 in cash to the business to receive a 20 percent interest in the partnership Goodwill is to be recorded. The four original partners share all profits and losses equally. After E makes this investment, what are the individual capital balances? Individual Balances Capital