P12.3 ILO3), AP The porters n zward Lompany sha's llie fo.lowing Asscts Accounts receivable Alcance for Joubtful apunts Inventory Equiontent Accumulated depreciation-cquipment Crawford Company Balance Shect May 31, 2022 Liabilities and Owners' Equity $ 27,500 Noles payable $13.500 25.000 Accounts payable 27.000 (1,000) Saladies and wages payable 4.000 34,500 A. Jamison, capital 33,000 21.000 5. Noyer, capital 21,000 (5,500) P. Roper, capital 3,000 3101.500 S101.500 The partiers share income and lass 53:2. During the process of liquidation, the following transactions were completed in the following scmuence. 1. A total S51 m2 was received from converting noncash assets into cash. 2. Gan w loss an rcalization was allocated to partners, 3. liabilities were psuid in full. 4. P. Raper paid his capital deficiency 5. Cash was paid to the partners with credit balances, instruktions 1. Prepare the lin Tics to record the transactions. b. Post to the cash and capital accounts. c. Assume that Roper is unable to pay the capital dellclency, 1. Prepare the entry to allocate Roper's debit balance to Jamison and Muyer. 2. Prepare the entry to record the final distribution of cash