On August 3, the firm of Chapelle, Rock, and Pryor decided to liquidate its partnership. The partners have capital balances of $61,000, $87,000, and $14,000, respectively. The cash balance is $28,000, the book values of noncash assets total $178,000, and liabilities total $44,000. The partners share income and losses in the ratio of 2:2:1. Required: 1. Prepare a statement of partnership liquidation, covering the period August 3-29, for each of the following independent assumptions: a. All of the noncash assets are sold for $242,000 in cash, the creditors are paid, and the remaining cash is distributed to the partners. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If there is no amount or an amount is zero, enter "0". Chapelle, Rock, and Pryor Statement of Partnership Liquidation For Period August 3-29 Cash + Noncash Assets = Liabilities + Capital Chapelle (2/5) + Capital Rock (2/5) + Capital Pryor Balances before realization Sale of assets and division of gain Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances b. All of the noncash assets are sold for $80,000 in cash, the creditors are paid, the partner with the debit capital balance pays the amount owed to the firm, and the buted plano do Juan di dalam