need to be solved in 30mins or less

Cara McRae and Nick Hoveland have a marketing and consulting business and share profit and losses in a 3:1 ratio: They decide to liquidate their partnership on December 31, 2020, when the balance sheet shows the following McRae & Howland Coding Balance Sheet 31-Dec 20 Avots Cash 03.100 Property, plant and equipment 516,100 Annulated depreciation 200,100 316.200 Totalt JOB.300 Lab Accounmpayable 51,300 Equity Cara McRae capital 245.700 Nid Heveland, capital 111.300 Total equity 357.000 Totallaties and equity 400.000 Required: Prepare the journalentes requited on December 31, 2020, to record the liquidation assuming property, plant and equipment are sold for $722.700. Any cleficiencies are paid by the partner with the deficiency, if applicable Required: Prepare the journal entries required on December 31, 2020, to record the liquidation assuming property, plant, and equipment are sold for $722.700 Any deficiencies are paid by the partner with the deficiency, if applicable Short Answer Toob naslonton BIUS EE33 INI !!! A 2