The partnership of Peter, James, and John has been in business for 30 years. On December 31, 2011, John decided to retire/withdraw from the partnership. The partnership Statement of Financial Position reported the following capital balances for each partner at December 31, 2011. Peter, Capital (20%) P 750.000 James, Capital (30%) 1,000,000 John, Capital (50%) 600.000 Requirements: Record the retirement withdrawal of John under each of the following independent situations: 1. John's capital interest was acquired for P750,000 by Peter in a personal transaction. Partnership assets were not revalued. 2. John was given P900,000 of partnership cash upon retirement/withdrawal. Capital of the partnership after John's retirement/withdrawal was P1,450,000. 3. John was given P300,000 of cash and partnership land with a fair value of P600,000. The carrying amount of the land on the partnership books was P500,000. Capital of the partnership after John's retirement/withdrawal was P1,550,000. 4. Due to limited cash in the partnership, John was given land with a fair value of P500,000 and a note payable for P250,000. The carrying amount of the land on the partnership books was P300,000. Capital of the partnership after John's retirement/withdrawal was P1,800,000