March, April, and May have been in partnership for a number of years. The partners allocate all profits and losses on a 2:3:1 basis, respectively. Recently, each partner has become personally insolvent and, thus, the partners have decided to liquidate the business in hopes of remedying their personal financial problems. As of September 1, the partnership's balance sheet is as follows: Cash Accounts receivable Inventory Land, building, and equipment (net) Total assets $ 32,000 126,000 116,000 74,000 Liabilities March, capital $ 135,000 50,000 April, capital May, capital 96,000 67,000 $ 348,000 Total liabilities and capital $ 348,000 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 $77,000 cash. b. Paid $13,800 in liquidation expenses. c. Paid $61,000 of the partnership's liabilities. d. Collected $80,000 of the accounts receivable. e. Distributed safe payments of cash; the partners anticipate no further liquidation expenses. f. Sold remaining accounts receivable for 25 percent of face value. g. Sold land, building, and equipment for $38,000. h. Paid all remaining liabilities of the partnership. i. Distributed cash held by the business to the partners.