March, April, and May have been in partnership for a number of years. The partners allocate all profits and losses on a 4:2:2 basis, respectively. Recently, each partner has become personally insolvent and, thus, the partners have decided to liquidate the business i hopes of remedying their personal financial problems. As of September 1, the partnership's balance sheet is as follows: Prepare journal entries for the following transactions: (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Sold all inventory for $70,000 cash. b. Paid $11,700 in liquidation expenses. c. Paid $54,000 of the partnership's liabilities. d. Collected $55,000 of the accounts receivable. e. Distributed safe payments of cash; the partners anticipate no further liquidation expenses. f. Sold remaining accounts receivable for 20 percent of face value. g. Sold land, building, and equipment for $31,000. h. Paid all remaining liabilities of the partnership. i. Distributed cash held by the business to the partners