Cash $2,020,000 $1,800,000 Liabilities 1,750,500 1,750,500 Partner A, capital Partner B, capital Partner C, capital Noncash assets 3,670,000 389,000 Total liabilities and partner $5,690,000 capital Total assets $5,690,000 The partners wish to liquidate the partnership. The noncash assets are sold for $2,500,000 with the loss distributed to the partners in the ratio of 30%/30%/40% to partner A, B, and C, respectively. The liabilities are paid in fullI. Partners make any capital contribution that is necessary to offset a negative balance in their respective Capital Accounts. What is balance prior to liquidation in partner B's account? 30% 40% 30% Partners' Capital Accounts Noncash Cash Assets Liabilities A Debit (Credit) Balance prior to liquidation Sale of noncash assets subtotal Capital contribution subtotal Payment of creditors subtotal Distribution to partners Post-liquidation balances (W Spts extra credit) O $79,000 O$351,000 O $0 O $1,750,500 O $1,399,500