The following information is available for CGG Companys partnership accounts at December 31, 2017, before completion of the closing entries: A. Choudrey, capital $70,000 N. Gilker, capital 45,000 R. Godfrey, capital 20,000 A. Choudrey, drawings 50,000 N. Gilker, drawings 28,000 R. Godfrey, drawings 35,000 Income summary (shared equally among partners) 180,000 No new contributions were made during 2017. Godfrey wishes to withdraw from the partnership January 1, 2018. Required a) Prepare the statement of partners equity for the year ended December 31, 2017 b) Prepare the January 1, 2018 entry to record Godfreys withdrawal under each of the following three independent alternatives: 1. Choudrey and Gilker each pay Godfrey $10,000 out of their personal accounts and each received one-half of Godfreys equity 2. Godfrey is paid $100,000 out of partnership cash 3. Godfrey is paid $40,000 out of partnership cash