2. PR.12-05.ALGO (Algorithmic) Statement of Partnership Liquidation After the accounts are c and Ambe respectively. Amounts owed to creditors total $10,800. The partners share income and losses in the ratio of 1:1:2. B and the liabilities are paid. Required: accounts are dlosed on April 10, prior to liquidating the partnership, the capital accounts of Zach Fa r Howard are $42,600, $7,800, and $33,500, respectively. Cash and noncash assets total $10,400 and rchild, $84,300, partnership, 130, the noncash assets are sold for $44,700, the partner with the capital deficency pays the deficiency to the Prepare a statement of partnership liquidation, indicating (a) the sale of assets and division of loss,(b) the payment of lablities (c) the receipt of the deficiency (from the appropriate partner), and (d) the distribution of cash