31, the capital balances and income ratios in TEP Company are as follows. On Emig 40,000 30,000 al of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not inder manually.) (1) Each of the continuing partners agrees to pay $18 ,000 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. (3) Posada is paid $34,000 from partnership assets, which indudes a bonus to the retiring partner. (4) Posada is paid $22,000 from partnership assets, and bonuses to the remaining partners are recognized. 2. 31, the capital balances and income ratios in TEP Company are as follows. On Emig 40,000 30,000 al of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not inder manually.) (1) Each of the continuing partners agrees to pay $18 ,000 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. (3) Posada is paid $34,000 from partnership assets, which indudes a bonus to the retiring partner. (4) Posada is paid $22,000 from partnership assets, and bonuses to the remaining partners are recognized. 2