Fred and George have been in partnership for many years. The partners, who share profits and losses on a 60:40 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation expense are estimated to be $10,000. At the date the partnership ceases operations, the balance sheet is as follows: Prepare journal entries for the following transactions: a. Distributed safe cash payments to the partners. b. Paid $40,000 of the partnership s liabilities. c. Sold noncash assets for $220,000. d. Distributed safe cash payments to the partners. e. Paid all remaining partnership liabilities of $40,000. f. Paid $8,000 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Prepare a final statement of partnership liquidation