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 5405,000. 1. Compute the capital account balance of each partner after the loss from liquidation is allocated 2. Assume that the partner with a deficit pays cash to cover the deficit. Prepare the joumal entries on May 31 to record (a) the eash received to cover the deficit and (b) the final disbursement of cash to the partnen. 3. Assume that the partner with a deticit does not reimburse the partnership. Prepare joumal entries (a) to transfer the deficit to the other partners and (b) to record the final disbursement of cash to the partners