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 $6,000. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets $ 52,000 110,000 $ 162,000 Liabilities Alex, capital Bess, capital Total liabilities and capital Total assets $ 41,000 77,000 44,000 $ 162,000 Part A: Prepare journal entries for the following transactions that occurred in chronological order: o. Distributed safe 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. Pald remaining partnership liabilities of $16,400. f. Pald $4,800 in liquidation expenses; no further expenses will be incurred 9. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation