Dallas, Valdez, and Wegman are liquidating their partnership. Before selling the assets and paying the abilities the capital balances are Dallas $41,000 Vaider $32,000, and Wagman $22.000. The and been 2:2:1 for Dallas, Valdez, and Wagman, respectively. The partnership has $73,000 cash, $48,000 non-cash assets, and $20.000 accounts payable Read the requirements Requirement 1. Assuming the partnership sells the non-cash assets for $57,000, recond the joumal entries for the sale of non-cash assets, allocation of pain or loss on liquidation, the payment of the tandingan distribution of remaining cash to partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $57,000. Date Dec. 31 Cash Gain on Disposal Non-cash Assots Accounts and Explanation To record the sale of non-cash assets at liquidation Journalize the allocation of the gain or loss to the partners' capital accounts Date Dec 31 Accounts and Explanation Debil 57.000 Credit 9.000 48.000 Debit Credit