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, 2020: Account balances December 31, 2020 Cash $200,000 Building $856,000 Land Accum. Bess Deprec Accounts Wheaton, Chen, Building Payable Capital Capital $496,000 $224,000 $144,000 $348,000 $(68,000) $360,000 Martha Sam Saith, Capital. Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $727,000 on January 1, 2021 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 according to their income (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.) Cash Building Accum Deprec Building Land Accounts Payable Account balances December 31, 2020 Sale of land and building $ 200,000 $ 856,000 $ Capital 496,000 $224,000 $ 144,000 $ 348,000 S (68,000) 5 Martha Wheaton, Capital Bess Sam Chen, Smith, Capital 360 000 Balance Payment of liabilities Balance Absorption of deficiency Balance