Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:3:2 ratio. 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 the following independent assumptions. Assume Tulip is paid $150,000, $170,000, $120,000 for her equity using partnership cash. (Do not round intermediate calculations Round final answer to the nearest whole dollar.)