lake me to the text Jack, John, and Joe have been operating a business as a limited liability partnership for several years. On August 1, 2020, Jack, John, and Joe had a capital balance of $249,000, $184,000 and $123,000 respectively. However, Joe decided to withdraw from the partnership to pursue other opportunities. The partners agreed that Joe would receive the current value of his capital account using the partnership's cash. Do not enter dollar signs or commas in the input boxes. Use the negative sign for amounts that must be subtracted. a) Calculate the new capital balance for each partner after the withdrawal of Joe. Jack Capital balance before the withdrawal Withdrawal of a partner Capital balance after the withdrawal b) Prepare the journal entry to record the withdrawal of Joe Date Account Title and Explanation Aug 1 To record the withdrawal of a partner John Debit Credit Joe Total