ABC is a partnership owned by Alders, Byron, and Calvin, who share profits and losses in the ratio of 1:3:4. The account balances of the partnership at June 30 follow. ABC Adjusted Trial Balance June 30, 2014 Account Title Debit Credit Cash $33,000 Non-Cash Assets $117,000 Notes Payable $32,000 Alders, Capital $22,000 Byron, Capital $50,000 Calvin, Capital $53,000 Alders, Withdrawals $9,000 Bryon, Withdrawals $27,000 Calvin, Withdrawals $49,000 Sales Revenue $164,000 Salaries Expense $74,000 Rent Expense $12,000 Total $321,000 $321,000 Requirements 2. Open each partner's capital T-accounts with the adjusted balance, post the closing entries to their accounts, and determine each partner's ending capital balance. 3. Prepare the June 30 entries to liquidate the partnership assuming the non-cash assets are sold for $120,000.