E14.13 Partnership Balance Sheets After Retirement Citynetwork is a partnership providing media LO 5 support services to small local businesses. Its balance sheet is as follows: Equipment . Xavier, Capital 250,000 90,000 Total assets . . $865,000 Total liabilities and capital . . . . $865,000 . . . . . . . . Partners Warner, Xavier, and Yollen share income in a 3:6:1 ratio. Yollen decides to retire, and the part- nership agrees to pay Yollen $150,000. Partnership equipment has a fair value of $625,000. Required Present the partnership balance sheet after Yollen's retirement, in each of the following situations: a. The bonus method is used. b. The partial goodwill approach is used, and the excess payment is attributed to undervalued equip- ment and goodwill c. The full goodwill approach is used, and the excess payment is attributed to undervalued equipment and goodwill