Problem 12-05A a-b On December 31, the capital balances and income ratios in Crane Company are as follows. $55,000 Partner Traver Emig Posada Capital Balance 37,500 30,500 Income Ratio Journalize the withdrawal of Posada under each of the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) (2) (3) (4) Each of the continuing partners agrees to pay $19,200 in cash from personal funds to purchase Posada's ownership equity. Each receives 50% of Posada's equity. Emig agrees to purchase Posada's ownership interest for $24,400 cash. Posada is paid $33,700 from partnership assets, which includes a bonus to the retiring partner. Posada is paid $21,060 from partnership assets, and bonuses to the remaining partners are recognized.