Huang - Kung - Lan Oriental Design is a partnership owned by three individuals. The partners share profits and losses in the rato of 30% to Huang, 40% to Kung, and 30% to Lan. At December 31, 2024, the firm has the following balance sheet: Click on the icon to view the baianoe sheet.) On December 31, Huang withdraws from the parthership. Read the reguirements. Requirement 1, th a personal transaction, Huang selis her equity to Wing, who pays Huang $100,000 for her infiereat. Kung and Lan agree to acoest Wing as a partner, (Record debits first, fhen credits. Seloct the explanation on the last line of the joumai eniry table.) Requirement 2. The parthenhip pays Huang cash of $5,000 and gives her a note payable for the remainder of her book equily in setiement of her partnership interest (Record debits first, then coedits Select the explanation on the last line of the journal eatry table.) Requirement 3. The partnership pays Huang $70,000 for her book equity. (Record dobits first, then credts. Seiect the explunation on the lat ine of the poumu entry table. Do not roond intermiodary calculabons. Only nound the amourt you input in the cell so the nearest dollar.) Requirement 4. The parthenhip pays Huang $26,000 for her book equity. (Record debits first, men credis, Seenct ne in the ceil to the cearest dollar.) (Click on the icon to view the balance sheet.) On December 31, Huang withdraws from the partnership. Read the requirements. Requirement 1. In a personal transaction, Huang sells her equity to Wing, who pays Huang $100,000 for her interest. Kung and Lan agree to accept Wing as a partner. (Record debits first, then credits. Select the explanation on the last line Data table