Ilana Baldwin is retiring from the partnership of Baldwin, Kudlow, and Harkness on January 31. The partner Capital balances are Baldwin, $108 000, Kudlow $157,000, and Harkness, $72,000. The partners agree to have the partnership assets revalued to current market values. The independent appraiser reports that the book value of the inventory should be decreased by $32,000, and the book value of the land should be increased by $104,000 The partners agree to these revaluations. The i profit-and-loss ratio has been 2:4:4 for Baldwin, Kudlow, and Harkness, respectively. In retiring from the firm, Baldwin received $154,000 cash Required Journalize (a) the asset revaluations, and (b) Baldwin's withdrawal from the firm