Help Save & Exit Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 532 ratio in percents. Hunter 50% Folgers. 30%, and Tulip, 20%). On January 31 the date Tulip retires from the partnership, the equities of the partners are Hunter $300,000, Folgers, $210,000, and Tulip. $150,000 Prepare journal entries to record the retirement of Tulip under independent assumption Assume Tulip is paid $150,000, $170,000, $120,000 for her equity using partnership cash. (Do not round intermediate calculations Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $150,000 Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:3 2 ratio (in percents: Hunter 50%; Folgers, 30%, and Tulip 20%). On January 31 the date Tulip retires from the partnership, the equities of the partners are Hunter, $300,000, Folgers, $210,000; and Tulip. $150,000. Prepare journal entries to record the retirement of Tulip under independent assumption Assume Tulip is paid $150,000, $170,000. S120,000 for her equity using partnership cash (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 3 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $170,000. Help Save & Exit Hunter Folgers, and Tulip have been partners while sharing net income and loss in a 5.3.2 ratio in percents: Hunter 50%: Folgers, 30%; and Tulip, 20%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, 5300.000, Folgers, $210,000 and Tulip, $150,000. Prepare journal entries to record the retirement of Tulip under independent assumption Assume Tulip is paid $150,000, $170,000, 5120,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answers to the nearest whole dollar) View transaction list Journal entry worksheet