Wally, Willie, and Watson formed a partnership several years ago. Wally has decided to withdraw from the partnership. The current capital balances are: Wally, capital, $50,000; Willie, capital, $65,000; and Watson, capital, $100,000. Prior to the withdrawal of Wally, the partners agree to revalue some of the partnership assets. Inventory with a cost of $120,000 has a current market value of $125,000, land with a cost of $50,000 has a current market value of $125,000. Wally, Willie, and Watson share net income and losses in a 3:3:4 ratio. Willie and Watson will share net income in a 34 ratio. What would the jounal entry to record the revaluation of the partnership's assots include? A. crodit to Watson, Capital of $42,000 B. debit to Land of $75,000 OC. debit to Inventory of $30,000 OD. All of these would be included.