Given below are account balances for the partnership of Flint, Yancy, and Goldsmith before the retirement of Goldsmith. Each case presents account balances of the Flint and Yancy partnership immediately after Goldsmith's retirement. The cases are independent of each other. In Case 4, no bonus was recorded.

Required
For each independent case, answer the following questions.
a. What method of accounting was used to record the retirement (bonus, goodwill, neither)?
b. How much did Goldsmith receive upon retirement?

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Balances before Goldsmith's Retirement Balances after Goldsmith's Retirement Balance Sheet Accounts Case 1 Case 2 Case 3 Case 4 Case 5 50,000 20,000 50,000 $50,000 0 30,000 130,000 130,000 100,000 130,000 Cash Other assets... Goodwill Liabilities.. Capital Flint Capital Yancy. Capital Goldsmith -- 130,000 10,000 0,000 20,000 10,000 10,000 40,000 (70,000) 70,000 00 (70,000) (70,000) (70,000) 40,000) 45,000) 40,000) (80,000) (45,000) (50,000) (40,000) (45,000) (40,000) 40,000 45,000) (50,000) (40,000) 0 0 0