please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

QUESTION:

Masters, Hardy, and Rowen are dissolving their partnership. Their partnership agreement allocates income and losses equally among the partners. The current period's ending capital account balances are Masters, $15,000; Hardy, $15,000; Rowen, $(2,000). After all the assets are sold and liabilities are paid, but before any contributions to cover any deficiencies, there is $28,000 in cash to be distributed. Rowen pays $2,000 to cover the deficiency in his account.

The general journal entry to record the final distribution would be:

a. Debit Masters, Capital $15,000; debit Hardy, Capital $15,000; credit Cash $30,000.

b. Debit Masters, Capital $14,000; debit Hardy, Capital $14,000; credit Cash $28,000.

c. Debit Masters, Capital $15,000; debit Hardy, Capital $15,000; credit Rowen, Capital $2,000; credit Cash $28,000.

d. Debit Cash $28,000; debit Rowen, Capital $2,000; credit Masters, Capital $15,000; credit Hardy, Capital $15,000.

e. Debit Masters, Capital $9,334; debit Hardy, Capital $9,333; debit Rowen, Capital $9,333; credit Cash $28,000.