Exercise 11-14 Liquidation of a partnership LO5 David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31, 2020 Accum, Account balances December 31, 2020 Cash $29,800 Deprec, Account's Equipment Equipment Payable $176,000 $97,000 $7,800 David Olena Danny Notes Wallace, Dunn, Lin, Payable Capital Capital Capital $20,000 $39,000 $22,000 $20,000 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $64,000 on January 1, 2021. The partners share any profit (loss) in the ratio of 2:11 for Wallace, Dunn, and Lin, respectively. Required: 1. Complete the schedule. (Negative answers should be indicated by a minus sign.) Cash Equipment Accuni Deprec Equipment Account balances December 31, 2020 $ 29,000 $ 176,000 $ 97.000 Sale of equipmen