A summary balance sheet for the Akerly. Baskin, and Crow partnership on December 31, 2014 is shown below. Partners Akerly Baskin, and Crow allocate profit and loss in their respective ratios of 3:2:1. The partnership agreed to pay partner Baskin $500,000 for his partnership interest upon his retirement from the partnership on January 1, 2015. The partnership financials on January 1. 2015 are: Cash Marketable securities Inventory Building-net $70,000 190,000 360.000 Land 110.000 520,000 Total ass $1,300,000 Equities Akerly, capital $630,000 Baskin, capital 430.000 Crow, capital 250,000 $1.300.000 Total equi Required Prepare the journal entry to reflect Baskin's retirement from the partnership: 12 2. 3 Assuming a bonus to Baskin Assuming a revaluation of total partnership capital based on excess payment Assuming goodwill equal to the excess payment is recorded Last saved 3:27:20 PM