Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:23 ratio. On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $400,000 Folgers, $280,000; and Tulip. $200,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $200,000, $220,000 $170,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.) View transaction list Journal entry worksheet