Che Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:4:1 ratio. On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $320,000, Folgers, $224,000; and Tulip. $160,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions Assume Tulip is paid $160,000, $180,000, $130,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.) 1 View transaction list Journal entry worksheet 2 3 Record the ret Tulip on e assumption that she is paid for her equity using partnership cash of $130,000. Note: Enter debits before credits. Transaction General Jourmal Debit Credit (c)