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March, April, and May have been in partnership for a number of years. The partners allocate all profits and losses on a 4:2:2 basis, respectively. Recently, each partner has become personally insolvent and, thus, the partners have decided to liquidate the business in hopes of remedying their personal financial problems. As of September 1, the partnership's balance sheet is as follows Cash Accounts receivable Inventoryy Land, building, and equipment (net 26,000 Liabilities 114000 March, capital 104,000 April, capital 95,000 57,000 90,000 61,000 59,000 May, capital Total assets S 303,000 Total liabilities and capita $ 303,000 Prepare journal entries for the following transactions: (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Sold al inventory for $71,000 cash. b. Paid $12,000 in liquidation expenses. c. Paid $55,000 of the partnership's liabilities. d. Collected $63,000 of the accounts receivable e. Distributed safe cash balances, the partners anticipate no further liquidation expenses. f. Sold remaining accounts receivable for 30 percent of face value. g. Sold land, building, and equipment for S32,000 h. Paid all remaining liabilities of the partnership i. Distributed cash held by the business to the partners View transaction list Journal entry worksheet Record the sale of inventory. Note: Enter debits before credits. General Journal Debit Credit a, Record entry Clear entry View general journal