On January 31, Sandy retires from the partnership of Sandy, Bob, and Tom. The partner capital balances are Sandy. $32,000. Bob $46,000 and Tom, $20,000. The profit-and-loss-sharing ratio has been 5:32 for Sandy, Bob, and Tom, respectively, Requirements 1. Journalize the withdrawal of Sandy assuming she receives $75,000 cash. 2. Journalize the withdrawal of Sandy assuming she receives $10,000 cash. Requirement 1. Journalize the withdrawal of Sandy assuming she receives $75,000 cash (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit 32.000 Jan 31 Sandy Capital Bob, Capital Tom Capital Cash To record withdrawal of Sandy from the partnership