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...

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?

5. Assume the same facts as item (4) above, except assume use of the goodwill method. What would be B’s capital balance after the transaction?