Atlas, Betelgeuse and Castor, who share income and loss in a 1:2:1 ratio, plan to liquidate their partnership. At liquidation, the balance sheet appears as follows. Atlas, Betelgeuse & Castor Balance Sheet March 13. 2020 LIABILITIES & EQUITY ASSETS Cash 45,000 Accounts Payable 10,000 Equipment 60,000 Atlas, Capital 24,000 Betelgeuse, Capital 40,000 Castor, Capital 31,000 Total Assets 105,000 Total Liabilities & Equity 105,000 Prepare all the journal entries required for the liquidation of the partnership. Assume that the equipment sold for $80,000