Problem 12-5A (Part Level Submission) On December 31, the capital balances and income ratios in TEP Company are as follows. Capital Balance $63,000 42,000 25,500 Income Ratio Trayer Emig 5096 3096 20% (a) Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Each of the continuing partners agrees to pay $18,800 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. (2) Emig agrees to purchase Posada's ownership interest for $23,000 cash. (3) Posada is paid $29,660 from partnership assets, which includes a bonus to the retiring partner. (4) Posada is paid $16,140 from partnership assets, and bonuses to the remaining partners are recognized. No. Account Titles and Explanation Debit Credit 1. 2