Prepare a submission for the following transaction using the attached screenshot.

Year $1$

On January $1,$ Riya and Syed entered a partnership of textile exports and imports. They agreed to distribute profits and losses in a ratio of $3$:$2.$ They contributed the following assets to the partnership:

Riya contributed $$45,000$ in cash.

Syed contributed equipment valued at $$25,000.$

On $31$ December they earned a profit net income of $$100,000$

Year $2$

On July $22,$ Ken joined the partnership with a bonus. Ken invested $$20,000$ in cash. The profit or loss agreement will be $3$:$2$:$1$ once Ken is admitted.

On $31$ December they earned a profit of $$150,000$

Year $3$

On February $14,$ Sam was admitted to the partnership without a bonus. Partner Sam contributed $$20,000$ in cash. The profit or loss agreement will be $3$:$2$:$1$:$1$ once Sam is admitted.

On $31$ December they earned a profit of $$175,000$

After two years, on March $1,$ Riya decided to retire. The remaining partnership agreed to settle Riya's capital account on the basis of their revised profit and loss ratio of $2$:$2$:$1.$

On $31$ December the firm earned a profit of $$165,000$

Based on the given transaction, complete the following tasks:

Journalize the transaction.

Compute the distribution of profit and loss of the partners.

Calculate the bonus.

Calculate the contribution of partners toward the withdrawal.