Note: This homework assignment accounts for 6 points. No point will be given when (1) it is past due, (2) it is incomplete, (3) no work is provided, or (4) most answer/work is incorrect. Points will be deducted if part of the answer/work provided is incorrect. David, Mandy, and Henry have the following capital balances; $50,000,$40,000 and $36,000 respectively. The partners share profits and losses 40%,30%, and 30% respectively. Consider the following five independent transactions: a. Mandy retires and is paid 68,700 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of Henry after the transaction? Answer: b. Mandy retires and is paid $61,000 based on an independent appraisal of the business. If the goodwill method is used, what is the capital balance of Henry after the transaction? Answer: c. The three partners agree to admit Thomas for a 20% interest. Thomas contributes $40,000 to the partnership. If the bonus method is used, what is the capital balance of Henry after the transaction? d. The three partners agree to admit Thomas for a 20% interest. Thomas contributes $25,000 to the partnership. If the bonus method is used, what is the capital balance of Henry after the transaction? Answer: e. The three partners agree to admit Thomas for a 30% interest. Thomas contributes $43,000 to the partnership. If the goodwill method is used, what is the goodwill being recorded