On January 31, Sierra retires from the partnership of Sierra, Brandon, and Tom. The partner capital balances are Sierra, $34,000; Brandon $50,000; and Tom, $18,000. The profit-and-loss-sharing ratio has been 5:3:2 for Sierra, Brandon, and Tom, respectively.

1. Journalize the withdrawal of Sierra assuming she receives $40,000 cash.

2. Journalize the withdrawal of Sierra assuming she receives $25,000 cash.

(Record debits first, then credits. Select the explanation on the last line of the journal entry.)