Required information [The following information applies to the questions displayed below] Meir, Benson, and Lau are partners and share income and Ioss in a 3:2:5 ratio (in percents. Meir, 30\%, Benson, 20\%; and Lau, 50\%). The partnership's capital balances are as follows: Meir, $124,000, Benson, $83,000; and Lau, $213,000. Benson decides to withdraw from the partnership. 1. Prepare journal entries to record Benson's February 1 withdrawal under each-separate assumption: (Do not round intermediate calculations.) 1. Benson sells her interest to North for $160.000 after North 15 approved as a parther 2. Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner. 3. Benson is paid $83,000 in partnership cash for her equity. 4. Benson is paid $121,000 in partnership cash for her equity. 5. Benson is paid $24,000 in partnership cash plus equipment that is recorded on the partnership books at $56,000 less accumulated depreciation of $17,360 Journal entry worksheet Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. Required information (The following information applies to the questions displayed beiow) Meir, Benson, and Lau are partners and share income and loss in a 32.5 ratio (in percents, Mer, 305 , Benson, 20\%, and Lau, 5096). The partnership's capital balances are as follows, Meir, \$124,000; Benson, 583,000, and Lau, 5213,000 . Benson decides to withdraw from the partnership. 2. Assume that Benson does not retire from the partnership described in Pant 1. Instead, Rhode is admitted to the parthership on February 1 with a 25% equity. Prepare journal entiles to record Riode's entry into the parthership under each separate assumption. Rhode inyests (a) $140.000. (b) \$102.200; and (c) \$183.400. (Do not round intermediote colculations.) Journal entry worksheet Record the admission of Rhode with an investment of $140,000 for a 25% interest in the equity. Note: Enter debits before oredits