Meir, Benson, and Lau are partners and share income and loss in a 2:3:5 ratio (in percents: Meir, 20%, Benson, 30%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $78,000 Benson. $119,000; and Lau, $203,000. Benson decides to withdraw from the partnership.

Required information [The following intormation applies to the questions cisplayed beiow] Meir, Benson, and Lau are partners and share income and loss in a 235 ratio fin percents, Meir, 20\%; Benson, 30\%; and Lau, 5086) The parthership's capital balances are as follows: Meir. \$78,000; Benson. $119,000; and Lau, \$203.000. Benson decides to withdraw from the partnership Prepare the joumal entry to record Benson's withdrawal under each independent assumptions. Note: Do not round intermediate calculations. a) Benson sells her interest to North for $160,000 after North is approved as a parther: (b) Benson gives her interest to a son-in-law, chmidt, and Schmidt is approved as a partner: ( q Benson is paid $119.000 in partnership cash for her equity. ( G Benson is paid 157,000 in partnership cash for her equity. Journal entry worksheet 4 Record the withdrawal if Benson sells her interest to North for $160,000 after Worth is approved as a partner. Note Enter debits betora credits