II $-$ PROBLEM$-$ Liquidation of partnership

Carulos, Joyce, and Ricko, who share income and loss in a $2$:$1$:$2$ ratio, plan to liquidate their partnership. At liquidation, their balance sheet appears as follows.

Required

Prepare journal entries for $($a$)$ the sale of equipment, $($b$)$ the allocation of its gain or loss, $(c)$ the payment of liabilities at book value, and $($d$)$ the distribution of cash in each of the following separate cases: Equipment is sold for $(1)$ $$650,000$; $(2)$ $$530,000$; $(3)$ $$200,000$ and any partners with capital deficits pay in the amount of their deficits; and $(4)$ $$150,000$ and the partners have no assets other than those invested in the partnership. $($Round amounts to the nearest dollar.$)$