Lul, Montavo, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and Iosses in a $1$:$4$:$5$

ratio, and on the day of the liquidation their balance sheet appeared as follows:

Required:

Under the assumption that the machinery is sold and the cash is distributed to the proper parties on June $30,2023,$ complete the

schedule provided below. Show the sale, the gain or loss allocation, and the distribution of the cash in each of the following unrelated

cases:

a$.$ The machinery is sold for $$502,000.($Negatlve answers should be Indlcated by a minus sign.$)$