drawal of it different $70,000 30,000 20,000 30 10 P12-5C On December 31, the capital balances and income ratios in the Elher Company are as follows. Partner Capital Balance Income Ratio A Ely L Howe B. Ross Instructions (a) Journalize the withdrawal of Ross under each of the following independent assumptions (1) Each of the remaining partners agrees to pay $13,000 in cash from personal funds to purchase Ross's ownership equity. Each receives 50% of Ross's equity (2) Howe agrees to purchase Ross's ownership interest for $18,000 in cash (3) From partnership assets, Ross is paid $26,000, which includes a bonus to the retiring partner (4) Ross is paid $11.000 from partnership assets. Bonuses to the remaining partners are recognized (b) If Howe's capital balance after Ross's withdrawal is $32,000, what were (1) the local bonus to the remaining partners and (2) the cash paid by the partnership to Ross? Capital 510,000 Capital 520,000 56,000 59.000