Required information [The following information applies to the questions displayed below.] Meir, Benson, and Lau 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, $72,000; Benson, $110,000; and Lau, $188,000. 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 is approved as a partner. 2. Benson gives her interest to a son-in-law, Schmidt, and Schmidt is approved as a partner. 3. Benson is paid $110,000 in partnership cash for her equity. 4. Benson is paid $148,000 in partnership cash for her equity. 5. Benson is paid $21,000 in partnership cash plus equipment that is recorded on the partnership books at $49,000 less accumulated depreciation of $15,190. View transaction list Journal entry worksheet < 1 2 3 4 5 Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner.