Deer, Rabbit and Squirrel are partners with equity as follows: Capital Balances Deer Rabbit Squirrel 35,000 Capital Balances 45,000 40,000 Based on their partnership agreement, they share profit and losses equally. Squirrel is retiring and has agreed to accept $45,000 cash for his share of the partnership. Required: Record Squirrel's retirement from the partnership. Select one: O a. Debit Squirrel, Capital 45,000; Credit Cash 35,000; Credit Deer, Capital 5,000; Credit Rabbit, Capital 5,000. b. Debit Squirrel, Capital 35,000; Debit Deer, Capital 5,000; Debit Rabbit, Capital 5,000; Credit Cash 45,000. O C. Debit Squirrel, Capital 35,000; Credit Cash 35,000. d. Debit Squirrel, Withdrawals 35,000; Debit Deer, Capital 5,000; Debit Rabbit, Capital 5,000; Credit Cash 45,000