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21 J A, M, and I are partners with profit sharing percentages of .40,.20, and .40, respectively, and that I decides to retire A Capital

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21 J A, M, and I are partners with profit sharing percentages of .40,.20, and .40, respectively, and that I decides to retire A Capital - $70,000 M capital - 50,000 I capital -80,000 The partners agree that the business is undervalued on the partnership books and that I will be paid $92,000 in the settlement of his partnership interest By using bonus method, record)'s withdrawal Dr. J capital 92,000 .ao Cr. Cash 92.000 De capital 80.000 D. A capital 8,000 Dr. M capital 4,000 .bo Cr. Cash 92.000 Dr. capital 80.000 Dr. Goodwill 12.000 Cr. Cash 92.000 None of the above do

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