Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:23 ratio (in percents: Hunter, 50% Folgers 20%, and Tulip, 30%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $360,000 Folgers, $252,000, and Tulip. $180,000 Prepare journal entries to record the retirement of Tulip under independent assumption. Assume Tulip is paid $180,000 $200,000 $150,000 for her equity using partnership cash. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $180,000. Note: Enter debits before credits Journal entry worksheet 1 2 3 Record the retirement of Tulip on the assumption that she is paid for her equity using partnership cash of $180,000. Note: Enter debits before credits. General Journal Credit Transaction (a) Debit 180,000 Tulip, Capital Cash 180,000 Record entry Clear entry View general journal Journal entry worksheet