On January 2, 2019, the capital balances and profit and loss ratio of A, B and Care as follows: Partner Profit and loss ratio 50% Capital 10,000 15,000 20,000 B 30% 20% On April 30, 2019, A withdraws from the partnership. The net income of the partnership for the four months ended April 30, 2019 is P140,000. It is agreed that the inventory costing P5,000 has a market value of P7,000 on April 30, 2019. Required: Prepare the journal entries to record retirement and determine capital balances after retirement in each of the independent assumption: a. Assume that A agrees to accept payment from partnership equal to his interest. b. Assume that A agrees to accept payment from the partnership amounting to P19,500, using the bonus method. It is also agreed that the revaluation of inventory will be recorded. C. Assume that A agrees to accept payment from the partnership amounting to P17,000, using the asset revaluation method