Meir, Benson, and Lau are partners and share income and loss in a 1:4.5 ratio (in percents: Meir, 10%; Benson, 40%, and Lau, 50%). The partnership's capital balances are as follows: Meir, $28,000, Benson, $119,000, and Lau, $153,000. Benson decides to withdraw from the partnership Problem 12-5A Part 1 - Prepare the journal entry to record Benson's withdrawal under each independent assumptions. (Do not round intermediate alculations.) =) 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, Echmidt, and Schmidt is approved as a partner; (c) Benson is paid $119,000 in partnership cash for her equity, (d) Benson is paid 157.000 in partnership cash for her equity, and (e) Benson is paid $14,500 in partnership cash plus equipment recorded on the artnership books at $34,500 less its accumulated depreciation of $11,600. X 1 Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. 2 Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmidt and Schmidt is approved as a partner. 3 Record the withdrawal of Benson on the assumption that she is paid $119,000 in partnership cash for her equity. 4 Record the withdrawal of Benson on the assumption that she is paid $157,000 in partnership cash for her equity. 5 Record the withdrawal of Benson on the assumption that she is paid $14,500 in partnership cash plus equipment recorded on the partnership books at $34,500 less its VI 1J UMY uuu puiure ILI N Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmidt and Schmidt is approved as a partner. 3 Record the withdrawal of Benson on the assumption that she is paid $119,000 in partnership cash for her equity. 4 Record the withdrawal of Benson on the assumption that she is paid $157,000 in partnership cash for her equity. 5 Record the withdrawal of Benson on the assumption that she is paid $14,500 in partnership cash plus equipment recorded on the partnership books at $34,500 less its accumulated depreciation of $11,600 for her equity. Note : = journal entry has been entered Record entry Clear entry