Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 60:40 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 $ 47,208 Liabilities $ 35,580 MNoncash assets 125,880 Alex, capital 75,088 . Bess, capital 61,582 Total assets $ 172,000 Total liabilities and capital $ 172,080 _ Part A: Prepare journal entries for the following transactions that occurred in chronological order: a. Distributed safe cash payments to the partners. b. Paid $21,.300 of the partnership's liabilities. . Sold noncash assets for $136,500. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $14,200. f. Paid $3.700 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