Raccoon, Bear and Fox are partners with equity as follows: Capital Balances Bear Fox Raccoon 45,000 Capital Balances 40,000 35,000 Based on their partnership agreement, they share profit and losses equally. Fox is retiring and has agreed to accept $20,000 cash for his share of the partnership. Required: Record Fox's retirement from the partnership. Select one: O a. Debit Fox, Withdrawals 35,000; Credit Cash 20,000; Credit Racoon, Capital 7,500; Credit Bear, Capital 7,500. O b. Debit Cash 20,000; Credit Fox, Capital 20,000. O c. Debit Fox Capital 35,000; Credit Cash 35,000. Od Debit Income Summary 20,000; Credit Fox, Capital 20,000. Debit Fox, Capital 35,000; Credit Cash 20,000; Credit Racoon, Capital 7,500; Credit Bear, Capital 7,500. e. W DO