Jared, Shely, and Cody each have a $240.000 capital balance. They share profits and losses as follows: 1:1:2 to Jared, Shelly, and Cody, respectively. Suppose Cody is withdrawing from the business. Requirements 1. Journalize the withdrawal of Cody if the partnership agrees to pay Cody S240,000 cash. 2. Journalize the withdrawal of Cody if the partnership agrees to pay Cody S150,000 cash. Requirement 1. Journalize the withdrawal of Cody if the partnership agrees to pay Cody $240,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit