I took screen shots of everything. the document has all of the information

The income statement for the Apple-Jack Partnership for the year ended December 31, 20X5, follows: APPLE-JACK PARTNERSHIP Income Statement For the Year Ended December 31, 20X5 Net $ 310,000 Sales Cost of (192,000) Goods Sold Gros s Margi n Oper ating Expen ses Net Incom e $ 118,000 (33,000) $ 85,000 Additional Information for 20X5 1. Apple began the year with a capital balance of $43,500. 2. Jack began the year with a capital balance of $119,000. 3. On April 1, Apple invested an additional $24,300 into the partnership. 4. On August 1, Jack invested an additional $25,000 into the partnership. 5. Throughout 20X5, each partner withdrew $400 per week in anticipation of partnership net income. The partners agreed that these withdrawals are not to be included in the computation of average capital balances for purposes of income distributions. Apple and Jack have agreed to distribute partnership net income according to the following plan: 1. Interest on average capital balances 2. Bonus on net income before the bonus but after interest on average capital balances 3. Salaries Apple 6% 10% $ 16,00 Jack 6% $ 17,00 4. Residual (if positive) Residual (if negative) 0 70% 50% 0 30% 50% Required: a. Prepare a schedule that discloses the distribution of partnership net income for 20X5. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Matthews, Mitchell, and Michaels are partners in the BG Land Development Company and share losses in a 6:3:1 ratio, respectively. The balance sheet on June 30, 20X1, when they decide to liquidate the business, is as follows: Assets Cas h No ncas h Asse ts Liabilities and Capital 21,000 163,000 $ Acco unts Paya ble Mitc hell, Loan Matt hews , Capit al Mitc hell, Capit al Mich aels, Capit al Tot al Asse ts $ 184,000 Total Liabi lities and $ 33,000 9,000 88,800 39,900 13,300 $ 184,000 Equit ies The noncash assets are sold for $120,000. Required: a. Prepare a statement of partnership realization and liquidation. Journal entry 2 is : Record payment to creditors Journal entry 3 is : Record final lump-sum distribution to partners