3. If the above assets were overstated by $25,000, what amount of consideration should new Partner D convey to the partnership in exchange for a 25% interest in capital, keeping in mind that D would...

3. If the above assets were overstated by $25,000, what amount of consideration should new Partner D convey to the partnership in exchange for a 25% interest in capital, keeping in mind that D would also be acquiring a 30% interest in profits?

4. If new Partner D conveyed assets with a fair market value of $66,000 to the partnership in exchange for a 30% interest in capital and a 25% interest in profits, what would be B’s capital balance after the transaction, assuming use of the bonus method?