Heginio Lacson, Joel Jo and Alex Ajoc are partners who shared profit and losses of 30%, 50% and 20% respectively. Jo decides to withdraw from the partnership. Their respective capital account balances after partnership's books have been adjusted, as follows: Required: 1. Prepare journal entry to record the withdrawal of Joel Jo from the partnership under the following assumptions: a) Alex Ajoc buys his share for P90,000. b) Heginio Lacson buys 3/4 of his share and 1/4 by Alex Ajoc. c) Marco Ocenar, an outsider buys his interest for P80,000. 2. Determine the capitalization of the partnership after Joel Jo's withdrawal in each of the given assumption