3. Leny, Fatima and Arman are partners with capital balances of P200,000, P300,000 and P100,000 respectively as of December 31, 2021. Profit and loss ratio is 4:4:2 respectively. On July 1, 2022, Arman retired from the partnership. His drawing account at this date was P15,000 and the net income for the first half of 2022 was estimated at P150,000. Direction: (a) Update the capital balance of the retiring partner. (b) Using the following independent situations, record the partners retirement: 1) His interest was personally paid by the partners in the amount of P150,000 who will get an equal share from the interest of Arman. 2) The partnership paid him P150,000 with bonus recognized for the difference. 3) The partnership paid him P200,000. Assets of the partnership should first be revalued. (c) Using situation no. 3 prepare a revised partners equity.