Lane Stevens is to retire from the partnership of Stevens and Associates as of March 31, the end of the current fiscal year. After closing the accounts, the capital balances of the partners are as follows: Lane Stevens, $133,980; Cherrie Ford, $70,330; and LaMarcus Rollins, $62,770. They have shared net income and net losses in the ratio of 3:2:2. The partners agree that the merchandise inventory should be increased by $15,410, and the allowance for doubtful accounts should be increased by $1,550. Stevens agrees to accept a note for $100,000 partial settlement fhis ownership equity. The remainder of his claim is to be paid in cash. Ford and Rollins are to share equally in the net income or net loss of the new partnership. Joumalize the entries to record (a) the adjustment of the assets bring them into agreement with current market prices and (b) the withdrawal of Stevens from the partnership on March 31. Refer to the Chart of Accounts for exact wording of account titles DATE DESCRIPTION POST, REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 15,410.00 Merchandise Inventory Mar, 31 1 Allowance for Doubtful Accounts 1,550.00 7 Lane Stevens, Capital 9,000.00 4,158.00 Cherrie Ford, Capital 70,330.00 6,000.00 LaMarcus Rollins, Capital 4,158.00 Lane Stevens, Capital 6 Notes Payable 7 Cash