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Dovid Wallace, Olena Dunn, and Danny Lin were partnets in a commercial architect firm and showed the following account balances as of December 31,2023 Due

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Dovid Wallace, Olena Dunn, and Danny Lin were partnets in a commercial architect firm and showed the following account balances as of December 31,2023 Due to several unprofitable periods, the partners decided to lquidate the partnership. The equipment was sold for $59,000 on January 1,2024 . The partners share ony profit (loss) in the rotio of 2111 for Wollace. Dunn, and Lin, respectively Required: Required: 1. Complete the schedule. (Negotive answers should be indicated by a minus sign.) 2. Prepare the liquidation entries (sale of equipment, allocation of gain/loss, poyment of creditors, final distribution of cash). Journal entry worksheet 4 Notez Enter debits bepore credits

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