The partnership of Ace, Jack, and Spade has been in business for 25 years. On December 31, 20X5, Spade decided to retire. The partnership balance sheet reported the following capital balances for each partner at December 31, 20X5:

Ace, Capital	$	150,500
Jack, Capital		200,300
Spade, Capital		121,300

The partners allocate partnership income and loss in the ratio 20:30:50, respectively. Spade received $151,700 of partnership cash upon retirement. The partnership goodwill attributable to all the partners was recorded.

Record Spades withdrawal under each of the following independent situations.

a. Record the recognition of goodwill for the entire firm upon Spade's retirement.

b. Record the payment of the bonus to Spade upon his retirement.