LIQUIDATION OF A PARTNERSHIP The Over and Dun Partnership agree to liquidate and sell their remaining assets for $50,000. Partners Over and Dun share income and losses in a 2:3 ratio. The following balances are provided: DR. CR. Cash -0- Other Assets 70,000 Accounts Payable 10,000 Over, Capital 40,000 Dun, Capital 20,000 Prepare entries to liquidate the partnership by recording the following: 1. Sale of assets 2. Distribution of loss/gain upon sale of assets 3. Settlement of liabilities 4. Distribution of cash to partners