Patricia, Karla, and Nathan operate a small law firm under a limited liability partnership. However, due to some internal conflicts, all the partners have agreed to end the partnership. The following items remained in the balance sheet on February 20, 2023 after all the assets have been liquidated. The net asset amount is also given in the table below.

Net Assets	$488,000
Cash	$452,900
Karla, Capital	$79,000
Nathan, Capital	$230,000
Patricia, Capital	$179,000

Prepare the journal entries to allocate any gain or loss due to the sale of assets, and to record cash distribution. Gains or losses are allocated equally among the partners. Do not enter dollar signs or commas in the input boxes. Enter the debit accounts in alphabetical order.

Date	Account Title and Explanation	Debit	Credit
Feb 20	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue		Answer
	To allocate the gain or loss on sale of net assets
Feb 20	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableCashGain on Sale of Net AssetsKarla, CapitalLoss on Sale of Net AssetsNathan, CapitalPatricia, CapitalService Revenue		Answer
	To record cash distribution among partners