A = = = 11 C A A av Wrap Text Merge & Cent Calibri (Body) BIU Ax & fx C D C E F ANSWER BOTH PARTS (A) and (B) IN AREAS PROVIDED BELOW: Assume the partnership of Crosby, Nash, and Young has been in existence for several years. Crosby decides to withdraw from the partnership when the partners' capital balances are as follows: Partner Crosby Nash Young Capital Balance 120,000 30,000 50,000 Profit and Loss Ratio 50% 30% 20% An appraisal of the business and its property estimates the fair value to be $200,000. Crosby has agreed to receive $128,000 in exchange for his partnership interest. What are the remaining partners' capital balances after Crosby's interest is dissolved, assuming the bonus method is applied? Prepare all journal entries necessary to account for the withdrawal of Crosby from the partnership. Complete the analysis of the Crosby Nash and Young Capital Accounts for the withdrawal of Crosby from the partnership. > of Caste L Calibri (Body) v 11 A A B i Uura. Av 1 5 E F G H I J Prepare the journal entries necessary to record the withdrawal of Crosby from the partnership