On December 31, the capital balances and profit and loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $106,000 51% P. Ready 93,000 24% D. Symes 53,000 25% Assume Symes withdraws from the partnership on December 31 of the current year under each of the following independent conditions: Symes is paid $50,000 cash from partnership assets. Symes is paid $59,000 cash from partnership assets. McLaren and Ready agree to purchase Symes' equity by paying $27,500 each from their personal assets. Each purchaser receives 50% of Symes' equity. (a) (b) (c) Ready agrees to purchase all of Symes' equity by paying $60.000 cash from his personal assets. McLaren agrees to purchase all of Symes' equity by paying $48,000 cash from his personal assets. Symes withdraws $53,000 cash from the partnership. (d) (e) (f) No. Account Titles and Explanation Debit Credit (a) (b) D. Symes, Capital P. Ready, Capital Cash Income Summary B. McLaren, Capital (c) (d) (e) (f) > > > > > > > Part (a) D. Symes, Capital B. McLaren, Capital (a) (b) (c) (d) (e) (f) P. Ready, Capital Bal. Total equity %24 > > > Part (b) D. Symes, Capital B. McLaren, Capital (a) (b) P. Ready, Capital (d) (e) (f) Bal. Total equity > > %24