(3) Gumbel and Simpson are partners in "Mr. Plow King." On May 13, 2022, they decide to liquidate their business and retire on the proceeds. Their condensed Trial Balance on this date is as follows: ACCOUNT DEBIT CREDIT Cash $24 000 Trucks and Plows $80 000 Accumulated Depreciation: Trucks and Plows $14 000 Accounts Payable $5 000 B. Gumbel, Capital $40.000 $45 000 H. Simpson, Capital Profits and losses are divided in the following ratio: Gumbel 40%; Simpson 60%. Prepare the journal entries to record the following: (a) Date (14 marks) The sale of the truck and plow for $60 000. (Be sure to distribute any gain or loss appropriately.) (6) Accounts Debit Credit (b) Date The payment of the partnership liabilities. (2) Accounts Debit Credit