Dear Teacher, can you help us solve this problem? Can you help us solve this problem? A member of our group answered the questions with consideration for Goodwill. But we haven't discussed in class yet accounting for Goodwill. Is it possible to solve this partnership accounting problem without having to consider computing for the goodwill of the partnership? Thank you.

Graup 5 Exerciser 4-10. Admission by Investment with the computation of capital balances of the old partners after admission. A and B are partners in AB Partnership with the following capital balances C is to be admitted into the partnership by investing additional cash of P48,000 for a 25% interest. Required: 1. What is the journal entry to record C's admission in the partnership? 2. What are the capital balances of partners A and B after the admission of C