"E12.14 (LO 4), AP B. Higgins, J. Mayo, and N. Rice have capital balances of $95,000,$75,000, and $60,000, respectively. They share income or loss on a 5:3:2 basis. Rice withdraws from the partnership under each of the following conditions. 1. Rice is paid $64,000 in cash from partnership assets, and a bonus is granted to the retiring partner. 2. Rice is paid $52,000 in cash from partnership assets, and bonuses are granted to the remaining partners. Instructions Journalize the withdrawal of Rice under each of the assumptions above