Able Baker, and Carter have partnership capital account balances of $600,000 each. Income and losses are shared equally. Carter agrees to sell three-fourths of his ownership interest to Able for $525,000 and one-fourth to Baker for $187,500. Able and Baker will use personal assets to purchase Carter's interest. The partnership's 'entry to record Carter's withdrawal from the partnership would be 1) Able, Capital 534,375 Baker, Capital 178,125 Carter, Capital 712,500 2) Carter, Capital Able, Capital Baker, Capital 712,500 350,000 125.000 3) Carter, Capital Able, Capital Baker, Capital 600,000 350,000 150,000 4) Carter, Capital Cash 712,500 712.500