Matthews, Mitchell, and Michaels are partners in BG Land Development Company and share losses in a 5:4,4 ratio, respectively. The balance sheet on June 30,201, when they decide to liquidate the business, is as follows: The noneash assets are soid for 5120,000 . Required: a. Prepare a statement of partnership realization and liquidation. b. Prepare the required journal entries to account for the liquidation of the BG Land Development Company: (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Journal entry worksheet: b. Prepare the required journal entries to account for the licuidation of the BG Land Development Company. (If no entry is required for a transactiorievent, select "No journal entry required" in the first account fleld.) Journal entry worksheet b. Prepare the required joumal entries to account for the liquidation of the BG Land Development Company. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the final lump-sum distribution to the partners