chapter 12 mana.. O Download Transac Merry Christmas Login Be Orange Advert Make Class 9 Help Save & Ex Submit Check my work 2 1 David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balance of December 31, 2020 Olan bassy Depret Accounts Wallace, Du Cass Equipment Bipment Payable Payable Capital Capital Capital Account balances December 31, 2020 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $60,000 on January 1, 2021. The partners share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively Required: 1. Complete the schedule. (Negative answers should be indicated by a minus sign) Cody L 24 Cash Equipment Accu Deprec Account Payable Notes Payable Account balances December 31, 2020 Sels of wipment $ 21,400 $164.000 3.000 1 7400 $ 16.000 Devit Wallen Capital 36.000 Olana Dun, Capital Owney LIK 18.000 16.000 Balance Payment of abates Balance 21,400 $ 164.000 1 30,000 3 7,400 10.000 35,000 $ 16,000 1 18.000 $ 21,400 $ 164,000 $ 93,000 $ 7,400 $ 16,000 35.000 $ 18.000$ 000 2 ment alocation of guiness payment at seaters, float stitution of co