After discontinuing the ordinary business operations and closing the accounts on May 7, the ledger of the partnership of Anna, Brian, and Cole indicated the following: $7,500 105,000 Cash Noncash Assets Liabilities Anna, Capital Brian, Capital Cole, Capital $27,500 45,000 15,000 25,000 $112,500 $112,500 The partners share net income and losses in the ratio of 3:2:1. Between May 7 and May 30, the noncash assets were sold for $150,000, the liabilities were paid, and the remaining cash was distributed to the partners a. Prepare a statement of partnership liquidation. If an amount box does not require an entry, leave it blank or enter O Anna, Brian, and Cole Statement of Partnership Liquidation For Period May 7-30 Cash + Noncash Assets Liabilities + Capital Anna (3/6) + Capital Brian (2/6) Balances before realization Sale of assets and division of gain Balances after realization Capital Cole (1/6) Payment of liabilities do Balances after payment of liabilities Distribution of cash to partners Final balances 10 to partners 3 lances b. Assume the same facts as in (a), except that the noncash assets were sold for $45,000 and any partner with a capital deficiency pays the amount of the the partnership. Prepare a statement of partnership liquidation. If an amount box does not require an entry, leave it blank or enter "o" Anna, Brian, and Cole Statement of Partnership Liquidation For Period May 7-30 Cash + Noncash Assets Liabilities + Capital Anna (3/6) Capital Brian (2/6) Capital Cole (1/6) Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Receipt of deficiency Balances Distribution of cash to partners Final balances QOJ O JOO