2) On August 1, 2014, Salt, pepper, and Spice agree to liquidate their partnership. Salt has a capital balance of $90,000, Pepper has a capital balance of $37.500, and Spice has a capital balance of $30,000. The partners share net incomeet loss in a ratio of 4:33. Accounts payable amount to $60,000. Assets are shown on the balance sheet at $40,000 of cash and $177,500 of noncash assets. All the noncash assets are sold for $159,500). Prepare entries to sell the noncash assets, pay the liabilities, and distribute the remaining cash to the partners