Matthews, Mitchell, and Michaels are partners in BG Land Development Company and share losses in a 5:3:2 ratio, respectively. The balance sheet on June 30,201, when they decide to liquidate the business, is as follows: The noncash assets are sold for $110,000. Required: a. Prepare a statement of partnership realization and liquidation. Prepare the required journal entries to account for the liquidation of the BG Land Development Company. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the sale of the assets. Note: Enter debits before credits