Seved Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:2:3 ratio (in percents: Hunter, 50%; Folger 20%; and Tulip, 30%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $330,000, Folgers, $231,000; and Tulip, $165,000. Prepare journal entries to record the retirement of Tulip under independent assumption. Assume Tulip is paid $165,000, $185,000, $135,000 for her equity using partnership cash. (Do not round Intermediate calculation Round final answers to the nearest whole dollar.)