Problem 14-18 (LO 14-9) The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (40% of Phil (20%) Ernie (40%) $125,000 95,000 110,000 profits and losses) Each of the following questions should be viewed independently. o. If Sergio invests $150,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus b. If Sergio invests $140,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the bonus c. If Sergio invests $150,000 in cash in the business for a 30 percent interest, what journal entry is recorded? Assume that the method is used method is used goodwill method is used