Required information [The following information applies to the questions displayed below] Melr, Benson, and Lau are partners and share income and loss in a 1.4:5 ratio (in percents: Meir, 10\%; Benson, 40%; and Lau, 50\%). The partnership's capital balances are as follows: Meir, \$42.000; Benson, \$175,000; and Lau, \$223,000. 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 intermediote colculations.) 1. Benson sells her interest to North for $160,000 after North is approved as a partnec. 2. Benson gives her interest to a son-in-law. Schmidt, and Schmidt is approved as a partner. 3. Benson is paid $175,000 in partnership cash for her equity. 4. Benson is paid $213,000 in partnership cash for her equity. 5. Benson is paid $27,000 in partnership cash plus equipment that is recorded on the partnership books at $63,000 less accumulated depreciation of $18,900. Required information [The following information applies to the questions displayed below] Meir, Benson, and Lau are partners and share income and loss in a 1:4:5 ratio (in percents: Meir, 10\%; Benson, 40\%; and Lau, 50\%). The partnership's capital balances are as follows: Meir, \$42,000;:Benson, \$175,000; and Lau, \$223,000. Benson decides to withdraw from the partnership. 2. Assume that Benson does not retire from the partnership described in Part 1. Instead. Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry into the partnership under each separate assumption: Rhode Invests (a) $146.667: (b) $107,067; and (c) $192,134. (Do not round intermediate coleulations.) Journal entry worksheet Record the admission of Rhode with an investment of $146,667 for a 25% interest in the equity