Jack, Stephanie, and Chris each have a S222,000 capital balance. They share profits and losses as follows: 2:2:6 to Jack, Stephanie, and Chris, respectively. Suppose Chris is withdrawing from the business. 1. Journalize the withdrawal of Chris if the partnership agrees to pay Chris $222,000 cash. 2. Journalize the withdrawal of Chris if the partnership agrees to pay Chris $210,000 cash. Requirement 1. Journalize the withdrawal of Chris if the partnership agrees to pay Chris $222,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Requirement 2. Joumalize the withdrawal of Chris if the partnership agrees to pay Chris $210,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 11. Powell Corporation has the following accounts as of December 31, 2016 Total assets Total liabilities Total equity Compute the debt to equity ratio at December 31, 2016. (Round the debt to equity ratio to two decimal places, X.xx.) S 62,000 30,000 32,000 - Debt to equity ratio