On December 31, the capital balances and profit and loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $83,000 41% P. Ready 70,000 34% D. Symes 41.500 25% Assume Symes withdraws from the partnership on December 31 of the current year under each of the following independent conditions: (a) Symes is paid $38,500 cash from partnership assets. (b) Symes is paid $47,500 cash from partnership assets. (c) McLaren and Ready agree to purchase Symes' equity by paying $21,750 each from their personal assets. Each purchaser receives 50% of Symes' equity. (d) Ready agrees to purchase all of Symes' equity by paying $43,500 cash from his personal assets. (e) McLaren agrees to purchase all of Symes' equity by paying $36,500 cash from his personal assets. (f) Symes withdraws $41,500 cash from the partnership. No. Account Titles and Explanation (a) D. Symes, Capital # Cash B. McLaren, Capital P. Ready, Capital D. Symes, Capital B. McLaren, Capital P. Ready, Capital Cash D. Symes, Capital B. McLaren, Capital P. Ready, Capital D. Symes, Capital (b) (c) (d) Debit 41500 41500 3280 2720 www III 41500 Credit 41500 38500 1640 1360 47500 21750 21750 (d) (e) (f) D. Symes, Capital P. Ready, Capital D. Symes, Capital B. McLaren, Capital D. Symes, Capital D. Symes, Drawings 41500 41500 41500 41500 36500 41500 Determine the balances in the partners' capital accounts and in total partners' equity after Symes has withdrawn, for conditions (a) and (b) above