The O'Malley, Pines, and Lillis partnership balance sheet reports capital of $55,000 for O'Malley, $100,000 for Pines, and $15,000 for Lillis. O'Malley is withdrawing from the firm. The partners have shared profits and losses in the ratio of 1/2 to O'Malley, 1/4 to Pines, and 1/4 to Lillis. The partnership agreement states that a withdrawing partner will receive cash equal to the book value of his partners' equity. Journalize the withdrawal of O'Malley. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit