Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $67,500 and $28,700, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $42,700. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership? $28,700 0.533,750 +2557,500 30. 342,700 Statement of Partnership Liquidation After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $33,600, $47,700, and $21,300, respectively. Cash, noncash assets, and liabilities total $49,500, $88,200, and $35,100, respectively. Between July 1 and July 29, the noncash assets are sold for $70,800, the liabilities are paid, and the remaining cash is distributed to th partners. The partners share net income and loss in the ratio of 3:2:1. Prepare a statement of partnership liquidation for the period July 1-29. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If an amount is zero, enter in "0". Gold, Porter, and Sims Statement of Partnership Liquidation For the Period Ending July 1-29 Noncash Assets Liabilities Cash + Capital Gold (3/6) Capital Porter (2/6) Capital Sims (1/6) Balances before realization Sale of assets and division of loss Balances after realization + Payment of liabilities Balances after payment of liabilities Cash distributed to partners bhol bao Final balances Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $67,500 and $28,700, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $42,700. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership? a $25,700 b. $33,750 c. $67,500 4. 542,700