5 Spoints X, Y and Z are partners and sharing income and loss in a 32:1 ratio respectively. They decided to liquidate the partnership Before the ral distribution of the remaining cash to the partners, X has a capital balance of $ (18,000), Y has a capital balance of $42,000 and Z has a capital balance of $30,000 Cash balance is $54,000 Partner A paid the amount he owes the partnership in cash. Required: Prepare journal entries to record the above liquidation process YOUR ANSWER SHOULD BE IN THE FOLLOWING FORM; DO NOT USE" BETWEEN NUMBERS. Dr Cash 100000 Gr. Land 100000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt A I. 53 0 WORK Question 1 question will save this respon Question 1 of 11 1.5 points On Jan 2021, Hidd Indstrial Co aquired a machine for $690,000 It is estimated that the machine will have a 10-year useful Me or 400,000 units over its useful Me and its salvage value at the end of useful Me is estimated as $90,000 Required: Select the reight depreciation expense for the year ended December 31, 2021, using the Units-of-production method of depreciation assuming that the compa produced 45,000 units in 2021. Select the right answer of the following choices $45,000 $690,000 $135,000 567 500