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 $9,000. At the date the partnership ceases operations, the balance sheet is as follows s 50,ee6 283,660 290,e00Alex, capital Bess, capital 360,000Total liabilities and capital Part A: Prepare journal entries for the following transactions: a. Distributed safe cash payments to the partners. b. Paid $30,000 of the partnership's liabilities c. Sold noncash assets for $310,000. d. Distributed safe cash payments to the partners e. Paid remaining partnership liabilities of $20,000. f. Paid $7100 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. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a final statement of partnership liquidation. ALEX AND BESS PARTNERSHIP Statement of Partnership Liquidation Non-cash Liabilities Alex, Capital Bess, Capital Beginning balances Distribution to partners Paid liabilities Updated balances Distribution to partners Updated balances Paid liabilities Paid li Distribution to partners Closing balances