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 Decorber 31, 2030 Deprec Cash olding tulding $191,000 5852.000 $495.000 Land 3227,000 Account Paybe $147,00 Mantha Beis San Cheo Sath Capital Capital Capital 3344.000 60.000) $353,000 Due to difficulties, the partners decided to liquidate the partnership The land and building were sold for $721000 on January 1, 2021 The partners share any profit (los) in the ratio of 211 for Wheaton Chen, and Smith respectively capital deficiencies at liquidation are absorbed by the remaining partners according to their income (los) ratio Required: Complete the schedule Prepare the entiy to distribute the remaining cash to the partners (Negative answers should be indicated by a minus sign) Cath Building Accum Deprec Land building 494,000 222.000 Accounts Payable Marth Bess Weston Chen Capital Capital 3440005 160,000) Sam Smith Capital 350.000 5 10 0005 352.000 142,000 Account balances December 31, 2020 Sale of tand and bung Balance Payment is Baie Absorption of deficiency Dance View transaction list Journal entry worksheet