Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $5,500. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets $ 48,000 Liabilities $ 36,000 94,500 135,000 Alex, capital Bess, capital Total assets183,000 Total liabilities and capital $ 183,000 Part A: Prepare journal entries for the following transactions: a. Distributed safe cash payments to the partners b. Paid $21,600 of the partnership's liabilities. c. Sold noncash assets for $147,000. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $14,400. f. Paid $4,100 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation