Question 11 4 pts Problem 3 (use bonus method where applicable). The balance sheet of Tupos and Upos and Vupos on December 31, with the partners' p/I ratio, is as follows: Assets Cash P 240,000 Other assets 360,000 Equities Tupos, capital (30%) P 200,000 Upos, capital (30%) 170,000 Vupos, capital (40%) 230,000 Prior to the retirement of Upos from the partnership, a building (in other assets) was revalued. Upos received P 200,000 as full payment of his rightful share in partnership assets. Required: a. Journal entry on closing of the equity account of Upos AFTER the recording of revaluationQuestion 12 16 pts b. Journal entry on asset revaluation PRIOR to retirement of Upos Question 13 6 pts C . Compute the equity balances of the remaining partners after retirement of Upos