2. hatume the partner with the capral deficiency deciares bankguptcy and as unstle to par the deficiency. 2. Assume the partner with the capital deficiency deciares bankruptcy and is unable to pay the deficiency. a. Joumalite the entry to allocate the parther's deficiency. Fer a compound transaction, if an amount box does not require an emtry, leave it blank. b. Journalize the entry to distribute the remaining cash. For a compeund transaction, if an amount box boes not require an entry. ieave it blark. Ater the accounts are closed on Apni 10, priar to liquidating the partmerghip, the captal sccounts of Zach Fainchild, Austin Lowes, and Amber Howard are \$48, 000 . $8,700, and $37,500, respectively. Cash and noncash assets total $12,400 and $94,600, resoectively, Amounts owed to ereditors tocal $12,900. The partners share to the partiership, and the hiabilies are paid Required: 1. Prepare a statement of partnership liquidation, indicating (a) the sale of assets and division of loss, (b) the payment of ilpbileies, (c) ine receipt of the deficiency (from the appropriate parther), and (d) the sstribution of cash. Enter any subtractiens (balance deficiencles, papments, cash bstributions, divisions of loss, sole of assets) as negative numbers using a minus igh, If there is no amount or an amount is zero, enter " 0