After discontinuing the ordinary business operations and closing the accounts, the ledger of the partnership of isiah, jerry, and shannon indicated the following Cash 25,000 noncash assests $74,000 Liabilites $50,000 Isiah, capital $17,500 John, Capital $15,500 Shannon, Capital $16,000 _______ ________ $99,000 $99,000 The partnership share net income int eh ration of 2:1:1. Between May 7-30, the noncash assets were sold fo r$14,000 theliabilites were paid and the remaining cash was distributed to the partners. All partners in a deficit position were able to find enough cash to cover the shortages. Prepare a statement of partnership liquidation. need answer in 30 minutes