1. What would be Pape’s capital balance if Freeman sold their interest for $125,000 to either Thierfelder or an outside party? 2. What would be Pape’s capital balance if Freeman sold their interest to...

1. What would be Pape’s capital balance if Freeman sold their interest for $125,000 to either Thierfelder or an outside party?

2. What would be Pape’s capital balance if Freeman sold their interest to the partnership for $125,000 and the bonus method was used to record the transaction?