Multiple choice question

Ace, Bell, and Cole have partnership capital account balances of $64,000 each. Income and losses are shared equally. Cole agrees to sell three-fourths of his ownership interest to Ace for $55,000 and one-fourth to Bell for $20,000. Ace and Bell will use personal assets to purchase Cole's interest. The partnership's entry to record Cole's withdrawal from the partnership would be Dr. Ace, Capital $56,250 Dr. Bell, Capital $18,750 Cr. Cole, Capital $75,000 Dr. Cole, Capital $64,000 Cr. Ace, Capital Cr. Bell, Capital $48,000 $16,000 Dr. Cole, Capital $75,000 Cr. Ace, Capital $55,000 Cr. Bell, Capital $20,000 $75,000 Dr. Cole, Capital Cr. Cash $75,000