4. A, B, and C have capital accounts of $40,000, $30,000, and $28,000 respectively. and share income and losses in a ratio of 1:3:1. The partnership has agreed to let A leave under the following independent assumptions. Prepare journal entries for each.

a) Pay A $20,000 cash from business

b) Pay A $40,000 and $10,000 in inventory from business

c) B and C agree to pay A $25,000 from their personal assets. Each purchaser receives 50% of A's equity.