Dawes, Vida, and Waddel are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Dawes $50,000; Vida, $28,000; and Waddel, $14,000. The profit-and-loss-sharing ratio has been 3:4:3 for Dawes, Vida, and Waddel, respectively. The partnership has $74,000 cash, $49,000 non-cash assets, and $31,000 accounts payable. Read the requirements. 1. Assuming the partnership sells the non-cash assets for $59,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of remaining cash to partners. 2. Assuming the partnership sells the non-cash assets for $24,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of remaining cash to partners