View transaction list X: 1 Record the withdrawal if Benson sells her interest to North for $160,000 after North is approved as a partner. 2 Record the withdrawal of Benson on the assumption that she gives her interest to a son-in-law, Schmidt and Schmidt is approved as a partner. 3 Record the withdrawal of Benson on the assumption that she is paid $159,000 in partnership cash for her equity. 4 Record the withdrawal of Benson on the assumption that she is paid $197,000 in partnership cash for her equity. 5 Record the withdrawal of Benson on the assumption that she is paid $14,000 in partnership cash plus equipment recorded on the partnership books at $34,000 less its Part 2 of 2 Problem 12-5A Partner withdrawal and admission LO P3, P4 (The following information applies to the questions displayed below.] 0.66 points Meir, Benson, and Lau are partners and share income and loss in a 1:4:5 ratio (in percents: Meir, 10%; Benson, 40%; and Lau, 50%). The partnership's capital balances are as follows: Meir, $38,000; Benson, $159,000; and Lau, $203,000. Benson decides to withdraw from the partnership. eBook Problem 12-5A Part 2 Print 2. Assume that Benson does not retire from the partnership described in Part 1. Instead, Rhode is admitted to the partnership on February 1 with a 25% equity. Prepare journal entries to record Rhode's entry into the partnership under each separate assumption: Rhode invests (a) $133,333; (b) $97,333; and (c) $174,666. (Do not round your intermediate calculations.) References 1 Record the admission of Rhode with an investment of $133,333 for a 25% interest in the equity. 2 Record the admission of Rhode with an investment of $97,333 for a 25% interest in the equity. 3 Record the admission of Rhode with an investment of $174,666 for a 25% interest in the equity