Alex and Bess have been in partnership for many years. The parthers, who shate protits and losses on a 70:30 basis. respectively, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $6,000. At the date the partnership ceases operations, the balance sheet is as follows Part A: Prepare journal entries for the following transactions that occurred in chronological ordet: a. Distributed sofe cash payments to the partners b. Paid $24,600 of the partnership's liabilities c. Sold noncash assets for $121,000 d. Distributed safe cash payments to the partners e. Paid remaining partnership liabilities of $16,400 t. Poid $4,800 in liquidetion expenses; no further expenses will be incurted 9. Distributed remaining cash held by the business to the porthers Part B: Prepare a final statement of parthership liquidation Complete this question by entering vour answers in the tabs below. Prepare journal entries for the following transactions that occurred in chronological order: (Do not round intermediate calculations) entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Distributed safe cash payments to the partners. b. Paid $24,600 of the partnership's liabilities. c. Sold noncash assets for $121,000. d. Distnbuted safe cash payments to the partners. e. Paid remaining partnership liabilities of $16,400, f. Paid $4,800 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Show Journal entry worksheet \begin{tabular}{l|llllll} 3 & 4 & 5 & 6 & 7 \end{tabular} Record the initial distribution of avaliable cash based on safe capital balance, Note i Inter debis before creats. ew for the Final i Prepare a final statement of partnership liquidation. (Amounts to be deducted should be entered in minus sign.)