Doug, Davis and Dwight are in the process of liquidating their partnership. They share profits and losses in a 4:6:2 ratio. Current balance sheet for the partnership: Cash $180,000 A/P $160,000 Land 400,000 Doug, capital 120,000 Davis, capital 220,000 Dwight, capital 80,000 Total assets $580,000 Total liabilities and capital $580,000 If land is sold for $460,000, journalize the steps of the liquidation process and show your calculations.