Martha Wheaton, Bess Chen, and Sam Smith were partners in an urban Calgary tea shop called Wake and showed the following account balances as of December 31, 2023: Cash Building Accum. Deprec. Building Land Martha Bess Sam Accounts Wheaton, Chen, Smith, Payable Capital Capital Capital $348,000 $(68,000) $360,000 Account balances December 31, 2023 $200,000 $856,000 $496,000 $224,000 $144,000 Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $727,000 on January 1, 2024. The partners share any profit (loss) in the ratio of 2:1:1 for Wheaton, Chen, and Smith, respectively. Required: Complete the schedule. Prepare the entry to distribute the remaining cash to the partners assuming any deficiencies are paid by the partners. (Negative answers should be indicated by a minus sign.) Accum. Accounts Building Deprec Land Payable Building Martha Wheaton, Capital Bess Sam Chen, Smith, Capital Capital $200,000 $ 856,000 $ 496,000 $224,000 $ 144,000 $ 348,000 $ (68,000) $ 360,000 Account balances December 31, 2023 Sale of land and building Balance Payment of liabilities Balance Absorption of deficiency Balance Cash Journal entry worksheet < 1 Record the distribution of remaining cash to partners. Note: Enter debits before credits. Date Jan 01, 2024 General Journal Debit Credit Record entry Clear entry View general Journal