Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:3:2 ratio (in percents: Hunter, Folgers, 30%; and Tulip, 20% ). On January 31, the date Tulip retires from the partnership, the equities of the partners a Hunter, $350,000; Folgers, $245,000; and Tulip, $175,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $175,000, $195,000, $145,000 for her equity using partnership cash. (Do not round intermediat calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 3 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $175,000. Note: Enter debits before credits. Transaction (a) General Journal Debit Credit Record entry Clear entry View general journal