Donner and Eldridge Are Partners in DE Delivery Express Services

Donner and Eldridge are partners in DE Delivery Express Services. Donner and Eldridge share capital and income equally. Donner has a capital balance of $90,000 and Eldridge has a capital balance of $110,000. The partnership's identifiable net assets are carried at amounts approximating fair value. Slade is to be admitted as a new partner, receiving a 20% interest in capital and income.
Required
a. Slade pays $50,000 in cash to the partnership. Record Slade's admission.
b. Slade pays $40,000 in cash to the partnership. Record Slade's admission, using:
1) The bonus method
2) The goodwill method
c. Slade pays $75,000 in cash to the partnership. Record Slade's admission, using:
1) The bonus method
2) The goodwill method