Partner Retirement: Various Cases The capital balances for the partnership of Diaz, Isidro, and Nelson are as follows: The partners share income in a 2:4:4 ratio. Nelson decides to retire. Diaz and Isidro continue the partnership, sharing income in a 2:4 (1:2) ratio. Required Prepare the journal entry or entries to record the retirement of Nelson in each of the following scenarios: a. Diaz and Isidro use their personal assets to buy Nelson's interest for $800,000. b. The partners agree to pay Nelson $750,000 of partnership cash. The bonus method is used. c. Same as b., but the partial goodwill approach is used. c. Same as b., but the partial goodwill approach is used