Exercise #4 A and B are partners. A's cap is 83,000 and B's cap is 35,000. Income ratio is_4.1. They decide to liquidate their partnership, On December 31" 2020, figures were as follows: Cash 48,000 Equipment 240,000- Accumulated depreciation (Equipment) 130,000- Account payable 18,000 Note payable: 22,000 Non cash Assets were sold at 125,000 in Cash Question: Prepare the entries on December 312020 to record the liquidation of the company