please answer the questions in the following attach file

Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY, AND MEI Balance Sheet May 31 Assets Cash Liabilities and Equity $ Inventory Total assets $ 180,800 Accounts payable 537,200 Kendra, Capital 93,000 Cogley, Capital 212,500 Mei, Capital 167,000 718,000 Total liabilities and equity $ $ 245,500 718,000 Required: For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted should be entered with a minus sign.) 1. Inventory is sold for $600,000. 2. Inventory is sold for $500,000. 3. Inventory is sold for $320,000 and any partners with capital deficits pay in the amount of their deficits. 4. Inventory is sold for $250,000 and the partners have no assets other than those invested in the partnership