In the LMK partnership, Luis's capital is $41,900, Marty's is $50,800, and Karl's 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 Karl's withdrawal according to each of the following independent assumptions: a. Karl is paid $39.500, and no goodwill is recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the payment of $39,500 to Karl and no goodwill is recorded. Note Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal b. Karl is paid $43,600, 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.) View transaction list Journal entry worksheet