Vector Financial Planning is a partnership owned by three individuals. The partners share profits and losses in the ratio of 20 percent to Katherine Depatie, 40 percent to Sam Seamus, and 40 percent to Emily Hudson. At December 31, 2014, the firm has the following balance sheet amounts:

Seamus withdraws from the partnership on December 31, 2014, to establish his own consulting practice.
Required
Record Seamus's withdrawal from the partnership under the following independent plans:
1. In a personal transaction, Seamus sells his equity in the partnership to Rea Pearlman, who pays Seamus $120,000 for one-half of his interest. Depatie and Hudson agree to accept Pearlman as a partner.
2. The partnership pays Seamus cash of $163,000, and gives him a note payable for the remainder of his book equity in settlement of his partnership interest.
3. The partnership pays Seamus cash of $336,000.
4. The partners agree that the building is worth $682,000 (net). After the revaluation, the partnership settles with Seamus by giving him cash of $82,000 and a note payable for the remainder of his book equity.

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350,400 Total liabilities Cash Accounts receivable $ 92,400 S 573,000 Less: Allowance for uncollectibles 1,102,000 Katherine Depatie, capital Sam Seamus, capital 390,600 210,000 260,400 Less: Accumulated Land 200,000 Total liabilities 1434,000and capital $1,434,000