Withdrawal of Partner Lane Stevens is to retire from the partnership of Stevens and Associates as of March 31 , the end of the current fiscal year. After ciosing the accounts, the capital balancee of the gartners are as follows: Lane Stevens, $339,000; Cherrie Ford; $173,000; and LaMarcus Rollins, $193,000. They have shared net income and nef losses in the fatio of 3:2:2. The bartners agree that the merchandise inventory should be increased by $31,400, and the alfowance for doubtful accounts stiould be increased by $7,600. Stevens agrees to acrept a notel for 3280,000 in partial setblement of his ownership equity. The remainder of his claim is to be paid in cash. Ford and Rollins are to thare equally in the net income or net loss of the new partnerstip. a. Joumalize the entry to recond the adjustment of the assits to brino them into agreement with current market pices. If an arnotint bax does not reguice an entry, leave if talank