liquidation-gain on sale of equipment L05 Xcel Sam, Andrew, and Mary were partners in Gem Skateboard Company. The partners shared profits and losses 3:2:3, respectively. On April 1, 2020, the partnership showed the following account balances just prior to liquidation: Accum. Deprec. Sam, Andrew, Equipment Equipment Capital Capital Cash Account balances immediately prior to liquidation... $32,000 $150,000 $36,000 $65,000 $48.000 Equipment was sold for $175,000. Prepare the journal entry to record the final distribution of cash