4. On December 31, a partnership has total partnership capital as follows: Partner =1, capital Partner #2, capital Partner +3, capital Total partnership capital 100,000 150,000 200.000 450,000 The partners allocate income and losses 20% to partner #1, 30% to partner =2 and 50% to partner #3. On December 31, Partner =3 retires from the partnership and is paid $225,000 in PARTNERSHIP cash to settle his interest in the partnership. Prepare any necessary journal entries on the books of the partnership on December 31. 5. On June 30, a corporation issues 20,000 shares of S10 par value common stock for $50 per share. Prepare any necessary joumal entries on June 30