On December 31, the capital balances and income ratios in Oriole Company are as follows. Partner Capital Balance Income Ratio Trayer $56,500 50% Emig 40,500 30% Posada 32,000 20% (a) Your answer is correct. Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $19,200 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. (2) Emig agrees to purchase Posada's ownership interest for $23,600 cash. (3) Posada is paid $35,600 from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid $23,840 from partnership assets, and bonuses to the remaining partners are recognized.