At December 31, Cullumber Company has cash of $29.900, equipment of $140,000, accumulated depreciation of $38,900, accounts payable of $55,810, and the following partners' capital balances: H. Bayer $58,000 and J. Leech $17.190. The partnership is liquidated on December 31 of the current year and $125,000 cash is received for the equipment. Bayer and Leech share profits and losses equally. Prepare the entry to record the sale of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Dec. 31 (To record realization of assets.) Credit