PARTI LIQUIDATING PARTNERSHIP- CAPITAL DEFICIENCY 1. ON NOVEMBER 30 2022, THE FIRM OF RUTH, ROSE AND RAMON DECIDED TO LIQUIDATE THEIR PARTNERSHIP. THE PARTNERS HAVE CAPITAL BALANCES OF $58,000, $72,000 AND $10,000 RESPECTIVELY. THE CASH BALANCE IS $32,000, THE BOOK VALUE OF NONCASH ASSETS TOTAL $128,000 AND LIABILITIES TOTAL $20,00. THE PARTNERS SHARE INCOME AND LOSSES IMTHE RATIO OF 2:2:1 335 1. PREPARE A STATEMENT OF LIQUIDATION 2. RECORD THE JOURNALS ENTRY 2. ASSUME THE NONCASH ASSETS ARE SOLD FOR $55,000 IN CASH. 1. PREPARE A STATEMENT OF LIQUIDATION 2. RECORD THE JOURNALS ENTRY