please complete the missing entries for part B using the goodwill method Record the initial investment of assets by partners.

Record the distribution of net income to partners.

Record the admittance of Dunn into the partnership.

Record entry to close drawings accounts.

Record the distribution of net income to partners.

Record the goodwill indicated by the purchase of Dunn's

interest.

Record the admittance of Postner into the partnership.

Note:

$=$ Journal entry has been entered.

Record the distribution of net income to partners.

Record the goodwill indicated by the purchase of Dunn's

interest.

Record the admittance of Postner into the partnership.

Record entry to close drawings accounts.

Record the distribution of net income to partners.

Record the goodwill indicated by the withdrawal of

Postner.

Record the final distribution to Postner.

Note:

$=$ Journal entry has been entered.

$301/01/2023$ Cash $60,000$ Goodwill $$ Dunn, capital $412/31/2023$ Dunn, capital $,$ O'Donnell, capital $78,400$ Reese, capital $47,600$ Dunn, drawings $,$ O'Donnell, drawings $78,400$ Reese, drawings $47,600512/31/2023$ Income summary $(98,000$ Dunn, capital $1,960$ O'Donnell, capital $93,100$ Reese, capital $2,940601/01/2024$ Goodwill $$ O'Donnell, capital $,$ Reese, capital $$ Dunn, capital $701/01/2024$ Dunn, capital $145,000$ Postner, capital $145,000812/31/2024$ Postner, capital $29,000$ O'Donnell, capital $()$ Reese, capital $$ Postner, drawings $29,000$ O'Donnell, drawings $()$ Reese, drawings $$

$601/01/2024$ Goodwill O'Donnell, capital $$ Reese, capital $($ Dunn, capital $,701/01/2024$ Dunn, capital $,145,000$ Postner, capital $145,000812/31/2024$ Postner, capital

$29,00029,000$

O'Donnell, capital $,$ Reese, capital $,$ Postner, drawings $29,000$ O'Donnell, drawings $$ Reese, drawings $,912/31/2024$ Income summary $,115,000$ O'Donnell, capital $$ Reese, capital $$ Postner, capital $,1001/01/2025$ Goodwill $,268,800$ xx Postner, capital V O'Donnell, capital $,$ Reese, capital $,1101/01/2025$ Postner, capital $$ Cash $$