Matthews, Mitchell, and Michaels are portners in BG Land Development Company and share losses in a 5:32 ratio, respectively. The balance sheet on June 30,201, when they decide to liquidate the business, is as follows: The noncash assets are soid for $120,000. Required: a. Prepare a statement of partnership realization and liquidation. b. Prepare the required journal entries to account for the liquidation of BG Land Development Company. Complete this question by entering your answers in the tabs below. Priepare o statement of partnership realization and liquidation