Question: Please answer the bonus to new partner and include the calculations. Thank you! At April 30, partners' capital balances in Ivanhoe Company are G. Donley



Please answer the "bonus to new partner" and include the calculations. Thank you!
At April 30, partners' capital balances in Ivanhoe Company are G. Donley $56,160, C. Lamar $51,840, and J. Pinkston $19,440. The income sharing ratios are 5:4:1, respectively. On May 1 , the PDLT Company is formed by admitting J. Terrell to the firm as a partner. (a) Your answer is partially correct. Journalize the admission of Terrell under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) (1) Terrell purchases 50% of Pinkston's ownership interest by paying Pinkston $17,280 in cash. (2) Terrell purchases 331/3% of Lamar's ownership interest by paying Lamar $16,200 in cash. (3) Terrell invests $66,960 for a 30% ownership interest, and bonuses are given to the old partners. (4) Terrell invests $45,360 for a 30% ownership interest, which includes a bonus to the new partner. 1. . Pinkston, Capital 9720 2. C. Lamar, Capital v \begin{tabular}{||l|} \hline 17278 \\ \hline \hline \end{tabular} 9720 J. Terrell, Capital 17278 3. Cash 66960 J. Terrell, Capital 58320 G. Donley, Capital 4320 C. Lamar, Capital 3456 J. Pinkston, Capital 4. Cash 45360 G. Donley, Capital 3240 3. Cash 66960 58320 G. Donley, Capital C. Lamar, Capital 3456 J. Pinkston, Capital 4. Cash v 45360 G. Donley, Capital 3240 C. Lamar, Capital 2592 J. Pinkston, Capital 648 J. Terrell, Capital 51840 Your answer is partially correct. Lamar's capital balance is $34,560 after admitting Terrell to the partnership by investment. If Lamar's ownership interest is 20% of total partnership capital, what were (1) Terrell's cash investment and (2) the bonus to the new partner? (1) Terrell's cash investment $ (2) Bonus to new partner
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