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 equities of the partners are Hunter, $150,000; Folgers, $90,000; and Tulip, $60,000. Prepare Journal entries to record the retirement of Tulip under independent assumption. Assume Tulip is paid $60,000, $80,000 $30,000 for her equilty using partnership cash. (Do not round Intermediate calculations.) artnership cash. (Do not rou View transaction list Journal entry worksheet Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $30,000. Note: Enter debits before credits. Transaction General Journal Dobit Crodit (c) Record entry Clear entry Vlew general Journal