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 $5,500. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets $ 63,000 220,000 Liabilities Alex, capital Bess, capital Total liabilities and capital $ 46,500 132,000 100, 500 $ 283,000 Total assets $ 283,000 Part A: Prepare journal entries for the following transactions that occurred in chronological order a. Distributed safe cash payments to the partners. b. Pald $27.900 of the partnership's liabilities c. Sold noncash assets for $236,500 d. Distributed safe cash payments to the partners .. Pald remaining partnership liabilities of $18.600. f. Pald $4.300 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