Meir, Benson, and Lau are partners and share income and loss in a 3:2:5 ratio (in percents: Meir, 30%; Benson, 20%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $118,000; Benson, $79,000; and Lau, $203,000. Benson decides to withdraw from the partnership. Problem 12-5A (Algo) Part 1 1. Prepare the journal 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 partner; (b) Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner; (c) Benson is paid $79,000 in partnership cash for her equity; (d) Benson is paid $117,000 in partnership cash for her equity.