On December 31, the capital balances and profit and loss ratios in Sandhill Partnership are as follows Capital Balance Profit and loss ratioPartner Hall \$112.20040\% P. Young95,62535% D. Smith 56,100 25% Assume Smith withdraws from the partnership on December 31 of the current year under each of the following independent conditions a)Smith is paid $52,275 cash from partnership assets )Smith is paid $63,750 cash from partnership assets ( ) Hall and Young agree to purchase Smith's equity by paying $29.325 each from their personal assetsEach purchaser receives 50% of Smith's equity ( d)Young agrees to purchase all of Smith's equity by paying $57,375 cash from his personal assets ) Hall agrees to purchase all of Smith's equity by paying $ 51,000 cash from his personal assets Smith withdraws \$56.100 cash from the partnership