In the LMK partnership, Luiss capital is $40,200, Martys is $51,100, and Karls is $30,500. They share income in a 4:1:1 ratio, respectively. Karl is retiring from the partnership.

Required:

Prepare journal entries to record Karls withdrawal according to each of the following independent assumptions:

a.	Karl is paid $39,600, and no goodwill is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b.	Karl is paid $43,900, and only his share of the goodwill is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

c.	Karl is paid $35,600, and all implied goodwill is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)