I want answer for these questions please. I will give big thumb and Thanks

1. Ali, Ahmed, and Khalid are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Ali, OR 60,000; Ahmed, OR 70,000; and Khalid, OR 50,000. The profit and loss ratio has been 2:3:1 for Ali, Ahmed, and Khalid, respectively. The partnership has OR 35,000 cash, OR 170,000 non cash assets, OR 25,000 accounts payable

Required: Journalize the sale of the non-cash assets for OR 200,000, the payment of the liabilities, and the payment to the partners.

2. Discuss admission of new partner by purchasing an existing partners interest