I need help with number 4 please. Including the general journal entry.

Required:

For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should be entered with a minus sign. Round your final answers to the nearest whole dollar.)

Show correct answer 6. Award: 138 out of 170 points Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY AND MEI Balance Sheet May 31 Assets Liabilities and Equity 245,500 Cash 180,800 Accounts payable 93,000 Inventory 537.200 Kendra, Capital Cogley, Capital 212,500 167,000 Mei, Capital Total assets 718,000 Total liabilities and equity 718,000 Required: For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should be entered with a minus sign. Round your final answers to the nearest whole dollar)