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 $ 151.100 Ace, Capital Jack, Capital Spade, Capital 200.300 120,800 n the ratio 20:30:50, respectively. The partners allocate partnership income and loss Required: Record Spade's withdrawal under each f the following independent situations Award: 5.88 points . Spade received $180,800 of partnership cash upon retirement. Capital of the partnership after Spade's retirement was $291,400. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet A Record the payment of the bonus Spade upon his retirement. Note: Enter debits before credits. Event General Journal Debit Credit 1