P12-58 Vector Financial Planning is a partnership owned by three individuals. The partners share profits and losses in the ratio of 20 percent to Katherine Depatie, 40 percent to Sam Seamus, and 40 percent to Emily Hudson. At December 31, 2020, the firm has the following balance sheet amounts: Recording changes in partnership capital Chapter 12 Partnerships 70 Cash Accounts receivable Less: Allowance for doubtful accounts $350,400 Total liabilities $573,000 $ 92,400 16.800 75,600 Building 1,102,000 Katherine Depatie, capital 390,600 Less: Accumulated amortization 294,000 Land Total assets 808,000 200,000 $1,434,000 Sam Seamus, capital 210,000 Emily Hudson, capital Total liabilities and capital 260,400 $1.434.000 Seamus withdraws from the partnership on December 31, 2020, to establish his own consulting practice. Required Record Seamus's withdrawal from the partnership under the following independent plans: a. In a personal transaction, Seamus sells his equity in the partnership to Rea Pearlman. Depatie and Hudson agree to accept Pearlman as a partner. b. The partnership pays Seamus cash of $163,000 and gives him a note payable for the remainder of his book equity in settlement of his partnership interest c. The partnership pays Seamus cash of $336,000. d. The partners agree that the building is worth $682,000 (net). After the revaluation, the partnership settles with Seamus by giving him cash of $82,000 and a note payable for the remainder of his book equity