Meir, Benson and Lau are partners and share income and loss in a 3.2.5 ratio (in percents: Melr, 30%; Benson, 20% and Lau 50%). The partnership's capital balances are as follows: Meir. $168,000, Benson, $138,000 and Lau, $294,000 Benson decides to withdraw from the partnership 1. Prepare the joumal entry to record Benson's withdrawal under each independent assumptions (Do not round Intermediate calculations.) (a) Benson sells her interest to North for $160,000 after North is approved as a partner (6) Benson gives her interest to a son-in-law Schmidt, and Schmidt is approved as a partner. ( Benson is paid $138,000 in partnership cash for her equity (0) Benson is paid $214,000 in partnership cash for her equity, and (0) Benson is paid $30,000 in partnership cash plus equipment recorded on the partnership books at $70,000 less its accumulated depreciation of $23,200. View transaction list Journal entry worksheet 2 1 Record the withdrawal ir Benson sells her interest to North for $160,000 after North is approved as a partner, Note Enter debits before credits General Journal Debit Credit Transaction (a