Required information Problem 12.5A (Algo) Partner withdrawal and admission LO P3, P4 [The following information applies to the questions displayed below] Meir, Benson, anctlau are partners and share income and loss in a 2:3.5 ratio (in percents: Meir, 20\%; Benson, 30\%; and Lau, 50\%). The partnership's capital balances are as follows: Meir, \$58,000; Benson, \$89,000; and Lau, \$153,000. Benson decides to withdraw from the partnership. Problem 12-5A (Algo) Part 2 2. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February i with a 25% equity. Prepare joumal entries to record Rhode's entry into the partnership under each separate assumption: Rhode invests (o) \$100,000; (b) \$73,000; and (c) \$131,000. Note: Do not round intermediate calculations. Journal entry worksheet Journal entry worksheet Record the admissin of Rhode with an investment of $73,000 for a 25% interest in the equity. Note: Enter debits before credits. Journal entry worksheet Record the admission of Rhode with an investment of $131,000 for a 25% interest in the equity. Note; Enter debits before credits