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Please answer this fast! Much appreciated! Brenda Roberts, Lacy Peters, and Aarin MacDonald are partners in RPM Dance Studios. They share profit and losses in

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Please answer this fast! Much appreciated!

Brenda Roberts, Lacy Peters, and Aarin MacDonald are partners in RPM Dance Studios. They share profit and losses in a 40:40:20 ratio. Aarin retires from the partnership on October 14, 2020, and receives $85,000 cash plus a car with a book value of $45,000 (original cost was $94,000). Required: For each of the following unrelated situations, present the journal entry to record Aarin's retirement assuming the equities of the partnership on October 14 are: a. Roberts, $305,000; Peters, $405,000; MacDonald, $130,000. View transaction list Journal entry worksheet

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