Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:3.2 ratio (in percents: Hunter, 50%; Folgers, 30%; and Tulip, 20%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $330,000; Folgers, $231,000; and Tulip. $165,000. Prepare journal entries to record the retirement of Tulip under independent assumption. Assume Tulip is paid $165,000, $185,000, $135,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.)