Question: Please answer for me these two questions as soon as possible. please! Groh and Jackson are partners. Groh's capital balance in the partnership is $61,500,

Please answer for me these two questions as soon as possible. please!

Groh and Jackson are partners. Groh's capital balance in the partnership is $61,500, and Jackson's capital balance $58,500. Groh and Jackson have agreed to share equally in income or loss. Groh and Jackson agree to accept Block with a 20% interest. Block will invest $35,500 in the partnership. The bonus that is granted to Groh and Jackson equals:

$3,550 each.

$0, because Groh and Jackson actually grant a bonus to Block.

$2,200 each.

1,819 to Groh; $1,775 to Jackson.

$1,819 each.

2)

Collins and Farina are forming a partnership. Collins is investing a building that has a market value of $87,000. However, the building carries a $49,000 mortgage that will be assumed by the partnership. Farina is investing $34,000 cash. The balance of Collins' Capital account will be:

$87,000.

$72,000.

$49,000.

$38,000.

$53,000.

3)

The partnership agreement for Smith, Wesson & Davis, a general partnership, provided that profits be shared between the partners in the ratio of their financial contributions to the partnership. Smith contributed $85,000, Wesson contributed $51,000 and Davis contributed $17,000. In the partnership's first year of operation, it incurred a loss of $202,500. What amount of the partnership's loss should be absorbed by Smith? (Round your final answer to nearest dollar amount.)

$22,500

$112,500

$67,500

$50,625

$101,250

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