aved Help Save & Ext Submit Martha Wheaton, Bess Chen, and Sam Smith were partners in an urban Calgary tea shop called Wake and showed the following account balances as of December 31, 2020 Acco Depre Building 5499.000 Chien Cash $201.000 Building 5050.000 Account balances December 31, 2020 Martha Weaton Capital 350.000 Land $225,000 Accounts Payable $145.000 es Seth Capital Capital $16.00 5301.000 Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $730.000 on January 1 2021 The partners share any profit doss) in the ratio of 2.1.1 for Wheaton Chen, and Smith respectively. Capital deficiencies at liquidation are absorbed by the remaining partners according to their income foss) ratio Required: Complete the schedule. Prepare the entry to distribute the remaining cast to the partners (Negative answers should be indicated by a minus sign.) Accum Martha Boss Sam Accounts Cash Building Deprec , Land Wheaton, Chen, Building Payable Smith Capital Capital Capital 52010005 858.000 $ 197 0005 225.0005 145 000 $ 350.000 $ (69.000 5 361 000 Account balances December 31 2020 Sale of land and building Balance 52010005 858.000 5 497 0005 225 000 $ 145,000 $ 350,000 (69.00013 361001 Piey 2013 Next > Accu Cash Building Deprec Land Building $ 201,000 $ 858,000 $ 497,000 $225.000 Martha Bess Sam Accounts Wheaton Payable Chen Smith Capital Capital Capital 145.000$ 350,000 $ (69,000) 5 361,000 $ 201,000 $ 858,000 $ 497.000 $ 225.000 S 145.000 $ 350,000 $ 69,000) $ 361.000 Account balances December 31, 2020 Sale of fand and building Balance Payment of liabilities Balance Absorption of deficiency Balance $ 201,000$ 858 000 $ 497.000 S 225 0005 145 000 $ 350 000 $ (69.000) 361.000 2010005 8580005 497 0005 225 0005 145.000 350.000 169.000) 361,000 Saved Journal entry worksheet