Required Information The following information applies to the questions displayed below) The partnership of Ace Jack, and Spade has been in business for 25 years. On December 31, 20x5, Splide decided to retire. The partnership balance sheet reported the following capital balances for each partner at December 31, 2045 Ace, Capital Jack, Capital Spade, Capital $150,000 200,000 120,000 The partners allocate partnership income and loss in the ratio 20:30:50, respectively Required: Record Spade's withdrawal under each of the following independent situations. a Jack acquired Spade's capital interest for $150,000 in a personal transaction Partnership assets were not revalued, and partnership goodwill was not recognized (if no entry is required for a transaction/event, select "No Journal entry required" in the first account fleld.) View transaction list