Long-term partners, Pop, Ping, and Pam have capital balances of $60,000, $45,000 and $30,000, respectively. They share in profits and losses 50%, 30%, 20%, respectively. All assets are valued fairly. Pam decides to retire from the partnership. Prepare journal entry to record each of the situations. a) Pam sells her interest to Ding for $35,000. b) Pam sells the interest to the partnership for $25,000; bonus method is used. c) Pam sells the interest to the partnership for $40,000; goodwill method is used.