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The statement of financial position of the FAS partnership at December 31, 2022, appears below: Cash $ 400,000 Other Assets 800,000 Liabilities F, Capital

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The statement of financial position of the FAS partnership at December 31, 2022, appears below: Cash $ 400,000 Other Assets 800,000 Liabilities F, Capital A, Capital S, Capital Total Assets Total Liabilities and Capital $ 80,000 280,000 460,000 380,000 $1,200,000 $1,200,000 200.000 Partners F, A, and S share profits and losses 20:30:50, respectively. Refer to the above information. Assume Partner S retires from the partnership and receives $430,000 for her capital interest. Prepare the journal entry when S retires and the bonus method is used. Compute each partner's balance after S's retirement. Show all computations.

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