18 19 20 4 Alvin, Simon and Theodore have been musical partners while sharing net income and loss in a 5:3:2 ratio. On January 31, Theodore decides to retire from the musical partnership to pursue a modeling career for Plantars Nuts. At that time, the equities of the partners are Alvin $300,000; Simon $225,000; and Theodore $125,000. Theodore agrees to a $100,000 payout. REQUIREMENT (Use the Solution Packet and Show All Work): Prepare the journal entry to record the retirement of Theodore