Field, Brown \& Snow are partners and share income and losses equally. The partners decide to liquidate the partnership when their capital balances are as follows: Field, \$131,250; Brown, \$165,000; and Snow, \$153,750. On May 31, the liquidation resulted in a loss of $405,000 1. Compute the capital account balance of each partner after the loss from liquidation is allocated. Check (1) Feld, $(3,750) 2. Assume that the partner with a deficit pays cash to cover the deficit. Prepare the journal entries on May 31 to record (a) the cash received to cover the deficit and (b) the final disbursement of cash to the partners. 3. Assume that the partner with a deficit does not reimburse the partnership. Prepare journal entries (a) to transfer the deficit to the other partners and (b) to record the final disbursement of cash to the partners