Chong partnership was terminated on December 31, 2022 due to a dispute among partners.Before liquidation, the total assets of the partnership were valued at $600,000 and totalliabilities were valued at $250,000. The partners' capital balances (all credit) were as follows:partner X - $60,000, partner Y - $90,000 and partner Z - $200,000. Net assets were sold for$320,000. The partnership agreement states that profit and losses are to be shared in the ratioof2:3:3 among partners X, Y and Z respectively X is the only partner in the partnership in case if he is insolvent, his capital deficiency will beborne by the rest according to their profit and loss sharing ratio. For the remaining partners,they will contribute additional cash to the partnership to cover their capital deficiency. Assuming that all the liabilities were all settled at the par value, you are required to prepare thepartner's capital account in columnar form for the year ended December 31, 2022.