Hunter, Folgers, and Tulip have been partners while sharing net Income and loss in a 5:3:2 ratio (In percents: Hunter, 50%; Folgers, 30%; and Tulip, 20\%). On January 31 , the date Tulip retires from the partnership, the equltles of the partners are Hunter, $400,000; Folgers, $280,000; and Tulip, $200,000. Prepare journal entrles to record the retirement of Tulip under the following Independent assumptions. Assume Tulip is pald $200,000,$220,000,$170,000 for her equity using partnership cash. Note: Do not round Intermedlate calculations. Round final answers to the nearest whole dollar. Journal entry worksheet Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $200,000. Note: Enter debits before credits. Hunter, Folgers, and Tulip have been partners while sharing net Income and loss in a 5:3:2 ratio (In percents: Hunter, 50\%; Folgers, 30%; and Tulip, 20\%). On January 31 , the date Tulip retires from the partnership, the equitles of the partners are Hunter, $400,000; Folgers, $280,000; and Tulip, $200,000. Prepare Journal entries to record the retirement of Tulip under the following Independent assumptions. Assume Tulip is pald $200,000,$220,000,$170,000 for her equlty using partnership cash. Note: Do not round Intermedlate calculations. Round flnal answers to the nearest whole dollar. Journal entry worksheet Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $220,000. Note: Enter debits before credits. Hunter, Folgers, and Tullp have been partners while sharing net Income and loss in a 5:3:2 ratlo (In percents: Hunter, 50\%; Folgers, 30%; and Tulip, 20\%). On January 31 , the date Tulip retires from the partnership, the equltles of the partners are Hunter, $400,000; Folgers, $280,000; and Tullp, $200,000. Prepare journal entrles to record the retirement of Tulip under the following Independent assumptions. Assume Tulip is pald $200,000,$220,000,$170,000 for her equity using partnership cash. Note: Do not round Intermedlate calculations. Round flinal answers to the nearest whole dollar. Journal entry worksheet