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 $7,000. At the date the partnership ceases operations, the balance sheet is as follows: Required: Part A: Prepare journal entries for the following transactions that occurred in chronological order: a. Distributed safe cash payments to the partners. b. Paid $25,200 of the partnership's liabilities. c. Sold noncash assets for $142,000. d. Distributed safe cash payments to the partners. e. Paid remaining partnership liabilities of $16,800. f. Paid $5,600 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. Prepare journal entries for the following transactions that occurred in chronological order: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Complete this question by entering your answers in the tabs below. Prepare journal entries for the following transactions that occurred in chronological order: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 34567> Distributed safe cash payments to the partners. Note: Enter debits before credits. Part B: Prepare a final statement of partnership liquidation. Complete this question by entering your answers in the tabs below. Prepare a final statement of partnership liquidation. Note: Amounts to be deducted should be entered in minus sign