Due to the fact that the partnership had been unprofitable for the past several years, A, B, and C decided to liquidate their partnership. The partners share profits and losses in the ratio of 40:30:30, respectively. All of the partnership's other assets are sold for $100,000 cash. The following balance sheet was prepared immediately before the liquidation process began: Cash $ 100,000 Liabilities $250,000 350,000 A, Capital 55,000 B, Capital 60,000 C, Capital 85,000 Total Assets $450,000 Total Liabilities & Equities $450,000 Other Assets The personal status of each partner is as follows: Personal Assets $185,000 B 100,000 180,000 Personal Liabilities $ 120,000 140,000 170,000 A Required: A. Prepare a liquidation worksheet to determine the amount of cash to be distributed to each partner. Assume that a partner makes additional contributions to the partnership when appropriate based on their individual status. B. Prepare all journal entries necessary in the liquidation process