Andy Brown, Lilla Green and Dany White are partners in the ALD Partnership. They share profits and losses in a 3:4:2 ratio and have just closed their books for the period. The current balances in their capital accounts are $75,000,$66,600, and $100,000, respectively. Lilla Green has decided to withdraw from the partnership. The partners agreed, prior to the withdrawal of Lilla Green, that the assets needed to be revalued. Office Building with a cost of $200,000 has a current market value of $500,000 while Inventory with a weighted average cost of $90,000 has a market value of $70,000. After Lilla Green's departure, Andy Brown and Dany White agreed to share their net income \& loss in a 2:1 ratio. The partnership gives cash to Lilla Green to her capital balance plus $5,000. Requirements 1. Prepare the journal entries required to revalue the assets along with all the required updates 2. Prepare the journal entry to record the withdrawal of Lilla Green along with all the required updates