Assets (no cash) Liabilities $121,000 50,000 Shareholders' equity 71,000 Shortly thereafter, all of the assets were sold for cash. Required: 1. How would the statement of financial position appear immediately after the sale of the assets for cash for each of the following cases? (Enter any decreases to account balances with a minus sign.) Cash Received for the Assets Balances Immediately after Sale Assets Liabilities Shareholders' Equity Case A $ 121,000 = Case B 109,000 = Case C Case D 133,000 48,500 2. How should the cash be distributed in each separate case? (Hint: Creditors must be paid in full before owners receive any payment.) To Creditors To Shareholders Total Case A Case B Case C Case D Check my