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; Account balances December 31, 2023 Cash $200,000 Building Land Accum. Martha Bess Sam Deprec. Accounts Wheaton, Chen, Smith, Building Payable Capital Capital Capital $856,000 $496,000 $224,000 $144,000 $348,000 $(68,000) $360,000 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. Capital deficiencies at liquidation are absorbed by the remaining partners in Wake according to their profit (loss) ratio. Required: Complete the schedule. Prepare the entry to distribute the remaining cash to the partners. (Negative answers should be indicated by a minus sign.) Accum. Cash Building Deprec., Land Accounts Payable Building Martha Wheaton, Capital Bess Chen, Sam Smith, Capital Capital Account balances December 31, 2023 $200,000 $ 856,000 $ 496,000 $224,000 $ 144,000 $ 348,000 $ (68,000) $ 360,000 Sale of land and building Balance Payment of liabilities Balance Absorption of deficiency Balance View transaction list 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 View general journal Clear entry Record entry