Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:4:1 ratio (in percents: Hunter, 50%, Folgers, 40%; and Tulip, 10%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $340,000; Folgers, $238,000; and Tulip. $170,000. Prepare journal entries to record the retirement of Tulip under independent assumption Assume Tulip is paid $170,000, $190,000, $140,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No Transaction General Journal Credit Debit 170,000 (a) Tulip, Capital Cash 170,000 (b) 170,000 Tulip, Capital Hunter, Capital Folgers, Capital (c) 60,000 Tulip, Capital Hunter, Capital Folgers, Capital Cash