ets h d ipment her assets tal assets AP 120,000 Partnership capital: (30%) A (20%) B (50%) C 40,000 50,000 60,000 270,000 Total liabilities and capi t that date C retires and he is paid $60,000 as a fin equired: 1) Make the appropriate journal entries under go assets are correctly valued except the land with 45000?...(5 points) 2) Prepare the balance sheet after retirement unde points) Answer; Journal entries: (5 points) W I LG