On March 31, Sara retires from the partnership of Sara, Brenden, and Tim. The partner capital balances are Sara, 548,000; Brenden 548,000, and Tim, $21,000. The profit-and-loss-sharing ratio has been 5:3.2 for Sara, Brenden, and Tim, respectively. Requirements 1. Journalize the withdrawal of Sara assuming she receives $60,000 cash. 2. Journalize the withdrawal of Sara assuming she receives $30,000 cash. Requirement 1. Joumalize the withdrawal of Sara assuming she receives $60,000 cash. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and explanation Mar 31 Date Debit Credit