CityTech Is a Partnership Providing Technology Services to Local Businesses

CityTech is a partnership providing technology services to local businesses. Its balance sheet is as follows:
$\begin{array}{|lr|lr}\hline \text {Assets}&&\text {Liabilities}\\\hline \text { Cash } & \$ 270,000 & \text { Accounts payable } & \$ 100,000 \\\hline \text { Receivables } & 50,000 & \text { Lo ans payable. } & 400,000 \\\hline \text { Supplies } & 20,000 & \text { Total liabilities } & 500,000 \\\hline {\text { Buildings \& equipment, net }} & 1,500,000 & \text { Capital } & \\\hline & & \text { Capital-Orr } & 130,000 \\\hline & & \text { Capital-Pratt } & 650,000 \\\hline & & \text { Capital-Quinn } & 560,000 \\\hline & & \text { Total capital } & 1,340,000 \\\hline \text { tal assets } & \$ 1,840,000 & \text { Total liabilities and capital } & \$ 1,840,000 \\\hline\end{array}$
Partners Orr, Pratt, and Quinn share income in a 4:3:3 ratio. Orr decides to leave the partnership, and the partnership agrees to pay Orr $250,000 in cash. Partnership assets have fair values as follows: supplies, $25,000; buildings & equipment, $1,600,000. Other partnership identifiable assets and liabilities are reported at amounts approximating fair value.
Required
Present the partnership balance sheet after Orr's retirement, in each of the following situations:
1) The bonus method is used.
2) The partial goodwill approach is used, and the partnership's identifiable assets are revalued to fair value.
3) The full goodwill approach is used, and the partnership's identifiable assets are revalued to fair value.