In the LMK partnership, Luis's capital is $40,800, Marty's is $51,100, and Karl's is $31,100. They share income in a 4:1:1 ratio, respectively. Karl is retiring from the partnership. Required: Prepare journal entries to record Karl's withdrawal according to each of the following independent assumptions: a. Karl is paid $39,100, and no goodwill is recorded. b. Karl is paid $43,600, and only his share of the goodwill is recorded. c. Karl is paid $35,400, and all implied goodwill is recorded. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare journal entries to record Karl's withdrawal according to each of the following independent assumptions: Karl is paid $39,100, and no goodwill is recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Show less A Journal entry worksheet < A Record the payment of $39,100 to Karl and no goodwill is recorded. Note: Enter debits before credits. Event 1 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < A Record the payment of $43,600 to Karl and only his share of goodwill is recorded. Note: Enter debits before crechts, Event 1 General Journal Debit Credit Journal entry worksheet < A B Record the entry for withdrawal of Karl. Note: Enter debits before credits. Event 2 General Journal Debit Credit Journal entry worksheet < A B Record the entry to recognize all implied goodwill upon payment to Karl. Note: Enter debits before credits, Event 1 General Journal Debit Credit