At June 30, Fine Balance Partnership is liquidated. Just before the liquidation, Fine Balance has cash of $2,800, equipment of $45,000, accumulated amortization of $31,000, accounts payable Question 2 of $6,000, and the following partner capital accounts: R. Mistry $9,000; M. Mohal $1,800 Partners share in income or losses equally. Upon liquidation, the equipment is sold for $10,000 cash, the accounts payable are paid in ful and any remaining cash is distributed to the partners. If a partner's capital account is in a deficit balance, he or she ill contribute the necessary cash to the partnership to cover it. Instructions: a) Calculate how much cash will be paid to, or received from, each partner upon liquidation (20 Marks) b) Explain how liquidation of a partnership differs from dissolution of a partnership [5 marks]