10. (LO 7) K In the liquidation of a partnership, it is necessary to (1) distribute cash to the partners, (2) sell noncash assets, (3) allocate any gain or loss on realization to the partners, and (4) pay liabilities. These steps should be performed in the following order: a. (2).(3).(4). (1). c. (3). (2).(1).(4) b. (2), (3), (1), (4). d. (3). (2), (4).(1)