iness Partners in GT Partnership decided to liquidate the partnership on June 30, 2021 when the balances before liquidation in the partnership's accounts were as follows: Cash $32,600; Non-cash assets $59,800, Accounts payable $30,200 Hunt, Capital $42,100 Lally, Capital $18,800 Portman, Capital $1,300 The partners share profit and loss 5:3:2 for Hunt, Lally, and Portman, respectively. Assuming the non-cash assets were sold for $30,000, liabilities are paid, and any deficiencies will be absorbed by the other partners. Loss on sale of non-cash assets allocated to Hunt, Capital: Choose Loss on sale on non-cash assets allocated to Lally, Capital: Choose = Loss on sale on non-cash assets allocated to Portman, Capital: Choose, After allocation of loss on sale on non-cash assets, Portman, Capital has deficiency: Choose Portman is unable to pay, deficiency transferred to Hunt, Capital: Choose Portman is unable to pay, deficiency transferred to Lally, Capital: Choose Final cash distributed to Hunt: Choose Final cash distributed to Lally: Choose