b. The machinery is sold for $397,000. (Negative answers should be indicated by a minus sign.) Premium Pool and Spa June 30, 2020 Accum. Machinery Deprec., Machinery Cash Accounts Payable Jim Lui, Capital Kent Montavo, Capital Dave Johnson, Capital Account balances June 30, 2020 Sale of Machinery for $397,000 Balance Payment of liabilities Balance Distribution of cash to partners Balance c. The machinery is sold for $202,000, and any partners with resulting deficits can and do pay in the amount of their deficits. (Negative answers should be indicated by a minus sign.) Premium Pool and Spa June 30, 2020 Accum. Machinery Deprec., Machinery Accounts Payable Jim Lui, Capital Kent Montavo, Capital Dave Johnson, Capital Cash Account balances June 30, 2020 Sale of Machinery for $202,000 BIL Neyt b. The machinery is sold for $397,000. (Negative answers should be indicated by a minus sign.) Premium Pool and Spa June 30, 2020 Accum. Machinery Deprec., Machinery Cash Accounts Payable Jim Lui, Capital Kent Montavo, Capital Dave Johnson, Capital Account balances June 30, 2020 Sale of Machinery for $397,000 Balance Payment of liabilities Balance Distribution of cash to partners Balance c. The machinery is sold for $202,000, and any partners with resulting deficits can and do pay in the amount of their deficits. (Negative answers should be indicated by a minus sign.) Premium Pool and Spa June 30, 2020 Accum. Machinery Deprec., Machinery Accounts Payable Jim Lui, Capital Kent Montavo, Capital Dave Johnson, Capital Cash Account balances June 30, 2020 Sale of Machinery for $202,000 BIL Neyt