Assist with filling in the blanks

ACC 112 Project 1C Nicholas Jay, Kamla Paul, and Stephanie Ram plan to liquidate their partnership. They have always shared losses and gains in a 1:4:5 ratio, and on the day of the liquidation their balance sheet appeared as follows: The Jaijairam Company - Balance Sheet - December 20, 2016 Assets Liabilities and Owners' Equity Cash $80,000 Notes Payable $91,000 Land 204,000 Nicholas Jay, Capital 74,000 Buildings 164,000 Kamla Paul, Capital 203,000 Stephanie Ram, Capital 80,000 Total Assets $448,000 Total Liabilities & Owners' Equity $448,000 Under the following two independent assumptions, prepare the journal entries for the sale of the "land" and "buildings", allocation of any loss or gain, any deficit(s), the payment of the liability, and the distributions to the partners, if: 1. The "Land" and "Buildings" were sold for $143,000, and any partners with a resulting deficit can and do pay the amount of their deficits. 2. The "Land" and "Buildings" were sold for $128,000, and the partners with deficits have no assets other than those invested in the business Date Account Titles and Explanation Debit Credit 2016 Dec. 20 (To record the sale and realization of noncash assets) 20 L (To allocate the loss or gain on realization to partners) 20 (To record payment of the capital deficiency by Stephanie) 20 (To record payment of partnership liability) 20 (To record distribution of cash to partners)