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Weld, Tizer, and Wright decide to form a T-shirt design partnership. Amy Weld figures this T-shirt design business will help her other company, Better Boat Company, with any T-shirt design needs Additionally, Tizer and Wright have connections with many companies and can expand and grow this new partnership Click the icon to view the additional information) Read the requirements Each of the three partners contributes $24,000 cash to start up the WTW partnership. They agree to share profits in two steps. First, Tizer will receive $21,000 and Wright will receive $27,000 because they will do most of the graphic design work. Any remaining profits or losses will be shared 1:2:3, respectively for Weld, Tizer, and Wright. The business starts on January 1, 2025. On December 31, 2025, the business posted a loss of $24,000. Weld decides to withdraw from the partnership on December 31, 2025. Tizer and Wright agree to give Weld $10,000 for her equity interest. Requirement 3. Joumalize the withdrawal of Weld as a partner on December 31, 2025. (Prepare a single compound entry for this transaction Record debits first, thon Credits Select the explanation on the last line of the joumulontry table) Dale Debit Credit Dec 31 10 000 Accounts and Explanation Weld, Capital Cash Tizer Capital Wright, Capital To record withdrawal of Weld from the partnership