Lump-Sum Liquidation. Thor, Marvel, and Gokku decided to liquidate their partnership on June 30, 2020. The partners shared profits and losses in the ratio of 2:2:1, respectively, The firm's post- closing trial balance follows: Thor, Marvel, and Gokku Post-Closing Trial Balance June 30, 2020 Cash +Merchandise Inventory Other Assets Accounts Payable Thor, Capital Marvel, Capital Gokku, Capital P 419,170 612,300 472,680 P 131,350 561,600 436,800 374,400 The merchandise inventory and the other assets were sold for P582,800 and P550,900, respectively. Required: 1. Prepare the liquidation journal entries. 2. Prepare the statement of liquidation