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, $310,000; Folgers, $217,000; and Tulip, $155,000. Prepare journal entries to record the retirement of Tulip under the following independent assumptions. Assume Tulip is paid $155,000, $175,000, $125,000 for her equity using partnership cash.