Martha Wheaton, Bess Chen, and Sam Smith were partners in an urban Calgary tea shop caled Wake and showed the following account balances as of December 31, 2020: Accum Martha san Deprec Accounts Wheaton Chen, Smith, Cash Building Building Land Payable Capital Capital Capital $193,000 $812,000 $489,000 $212,000 $137,000 $334,000 $61.000) $350.000 Account balances December 31, 2020 Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $706,000 on January 1, 2021. The partners share any profit foss) 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 deficlencles are paid by the partners. (Negative answers should be indicated by a minus sign.) Martha Wheaton Capital 334,000 Chen Capital (61000) Sam Smith, Capital 353,000 Accum Accounts Cash Building Deprec Land Payable Building $100.000 $342.000 $ 480,000 $ 217,000 $ 137.000 700,000 (142.000) (489.0001 217.000) 0 500 000 $ 0$ Os OS 137 000 $899.000 5 05 OS 137.000 0 S 000S 05 os 137.000 334,000 5 101.000) Account balance December 31, 2020 Sule of land and building Balance Payment of its Balance Abortion of deficiency Be 353,000 3340005 101.000) 353,000 334.000 (61,000) 353,000 Journal entry worksheet