Exercise 19.12 Recording withdrawal of a partner. LO 19-9 25 points William, Henderson, and Middleton are partners, sharing profits and losses in the ratio of 40 to 30 to 30 percent, respectively. Their partnership agreement provides that if one of them withdraws from the partnership, the assets and liabilities are to be revalued, the gain or loss allocated to the partners, and the retiring partner paid the balance of his account. Middleton withdraws from the partnership on December 31, 2019. The capital account balances before recording revaluation are Williams, $122,000; Henderson, $132.000; and Middleton, $117,000. The effect of the revaluation is to increase Merchandise Inventory by $24.500 and the Building account balance by $13,500. Cbook How much cash will be paid to Middleton? S 117,000 Middleton's capital account balance before revaluation Middleton's share of the revaluation Final Capital account balance