Alex and bess have Deen In partnership tor many years. I he partners, who share protits and losses on a $60$:$40$ Dasis, respectlvely, 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:

$\backslash$table$[[\backslash$table$[[$Cash$],[$Noncash assets$]],\backslash$table$[[$$$47,000$