Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:4:1 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 $60,000, $80,000, $30,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.)

• Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $60,000.

• Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $80,000.

• Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $30,000 .