X B C D E F G H J K L Prob # 3 25 POINTS Tom, Jerry and Spike agree to form a Partnership Tom & Jerry & Spike Tom invests cash of 70,000 and building of $ 130,000 and land of 100,000. Jerry invests equipment of $ 280,000 and Motor Vehicle of $ 80,000. Spike invests Cash of $ 120,000 and inventory of 225,000 + They have used the bonus method to record their investments and share profits 1:1:1 BLUE wants to join for a 30 % interest paying $ 375,000 to the partners directly Required: a) Record the entry for Blue joining the partnership using hhe Bonus Method (8 pts) b) What are the partners capital account balances after Blue joining using Bonus Method (4 pts) C) Record the entry for Blue joining the partnership using the Goodwill Method (8 pts) d) What are the partners capital account balances after Blue joining using Goodwill Method (5 pts)