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need the answer as soon as possible thank you E12-16 Prior to liquidation, the accounting records of Garcia, Woods, and Mickelson included the following balances

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need the answer as soon as possible thank you

E12-16 Prior to liquidation, the accounting records of Garcia, Woods, and Mickelson included the following balances and profit-and-loss-sharing percentages: A B C D H K Capital 2 Noncash Garcia Woods Mickelson 3 + Assets Liabilities + (40%) + (30%) + (30%) Cash Balances before sale of assets $10,000 4 $62,500 $26,500 $20,000 $15,000 $11,000 The partnership sold the noncash assets for $78,500, paid the liabilities, and disbursed the remaining cash to the partners. Complete the summary of transactions in the liquidation of the partnership. Use the format illustrated in

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