Question: i need help with this Help Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:41 ratio (in percents:

i need help with this

Help Hunter, Folgers, and Tulip have been partners while sharing net income and loss in a 5:41 ratio (in percents: Hunter, 50% Folgers 40%, and Tulip, 10%). On January 31, the date Tulip retires from the partnership, the equities of the partners are Hunter, $390,000: Folgers, $273.000, and Tulip. $195.000 Prepare journal entries to record the retirement of Tulip under independent assumption Assume Tulip is paid $195,000, $215,000, $165,000 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

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