Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio (in percents: Hunter, 50%; Folgers, 20%; and Tulip, 30% ). On January 31, the date Tulip retires from the partnership, the equities of the partners are 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. Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar. 4 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 $195,000. Note: Enter debits before credits. Transaction General Journal Debit Credit (b) Tulip, Capital 175,000 Hunter, Capital Folgers, Capital Cash Record entry Clear entry View general journal