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 $5,000. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets $ 62,000 210,000 Liabilities Alex, capital Bess, capital Total assets $ 272,000 Total liabilities and capital $ 46,000 147,000 79,000 $272,000 Part A: Prepare journal entries for the following transactions that occurred in chronological order: a. Distributed safe cash payments to the partners. b. Paid $27,600 of the partnership's liabilities. c. Sold noncash assets for $226,000. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $18,400. f. Paid $3,900 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.