3. What would be Pape’s capital balance if Freeman sold their interest to the partnership for $125,000 and the goodwill method, which only recognizes goodwill traceable to Freeman, was used to record...

3. What would be Pape’s capital balance if Freeman sold their interest to the partnership for $125,000 and the goodwill method, which only recognizes goodwill traceable to Freeman, was used to record the transaction?

4. What would be Pape’s capital balance if Freeman sold their interest to the partnership for $125,000 and the goodwill method, which recognizes goodwill traceable to the entire partnership, was used to record the transaction?