im not aure what you mean this is all one question . please explain in detail

Kendra, Cogley, and Mei share income and loss in a 3.21 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. LEY, AND MET Liabilities and Equity Assets Cash Inventory 94,600 Accounts payable 551,400 Kendra, Capital Cogley, Capital 260,000 77,200 173,700 135,109 $646,000 9 Mei, Capital 646,000 Total 1iabilities and equity Total assets 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.) (1) Inventory is sold for $611.400 (2) Inventory is sold for $435,000. (3) Inventory is sold for $345,000 and any partners with capital deficits pay in the amount of their deficits. (4) Inventory is sold for $251.400 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. d 2 (4) Inventory is sold for $251,400 and the partners have no assets other than those invested in the partnership ed 1 Required 1 Inventory Required 2 G Required 3 ay ! Required 1 G1 Required 2 4 G Inventory Complete the schedule allocating the gain or loss on the sale of inventory is $611,400. Step 1) Determination of Gain (Loss) S 611,400 cost 2) MEI S 135,100 S 386,000 KENDRA S 77.200 Total S 173,700 GJ re journal entries to record the i is sold for $611,400. Journal entry worksheet Record the sale of inventory Credit Required 1 GJ 3 G) to recor Journal entry worksheet al J 4 G1 3 G 2 GJ to the 2) A S 135,100 $386.000 S 173,700 S77.200 2 GJ Journal entry worksheet K Prey 6 of 6 Next in the S 251,400 of 173,700 Journal entry worksheet Kendra, Cogley, and Mei share income and loss in a 3.21 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. LEY, AND MET Liabilities and Equity Assets Cash Inventory 94,600 Accounts payable 551,400 Kendra, Capital Cogley, Capital 260,000 77,200 173,700 135,109 $646,000 9 Mei, Capital 646,000 Total 1iabilities and equity Total assets 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.) (1) Inventory is sold for $611.400 (2) Inventory is sold for $435,000. (3) Inventory is sold for $345,000 and any partners with capital deficits pay in the amount of their deficits. (4) Inventory is sold for $251.400 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. d 2 (4) Inventory is sold for $251,400 and the partners have no assets other than those invested in the partnership ed 1 Required 1 Inventory Required 2 G Required 3 ay ! Required 1 G1 Required 2 4 G Inventory Complete the schedule allocating the gain or loss on the sale of inventory is $611,400. Step 1) Determination of Gain (Loss) S 611,400 cost 2) MEI S 135,100 S 386,000 KENDRA S 77.200 Total S 173,700 GJ re journal entries to record the i is sold for $611,400. Journal entry worksheet Record the sale of inventory Credit Required 1 GJ 3 G) to recor Journal entry worksheet al J 4 G1 3 G 2 GJ to the 2) A S 135,100 $386.000 S 173,700 S77.200 2 GJ Journal entry worksheet K Prey 6 of 6 Next in the S 251,400 of 173,700 Journal entry worksheet