Please help me figure out part B of this question!

Exercise 16-1

The CPA Partnership operated by Cook, Parks, and Argo is being liquidated. A balance sheet prepared at this stage in their liquidation process is presented below.

Cash		$36,000		Liabilities		$22,000
Other Assets		50,000		Parks, Loan		10,000
				Cook, Capital		28,000
				Parks, Capital		10,000
				Argo, Capital		16,000
Total		$86,000		Total		$86,000

The partners share profits and losses 30% (Cook), 50% (Parks), and 20% (Argo). The partners are all personally insolvent.

(b)Record in journal entry form the completion of the liquidation process, assuming that the other assets of $50,000 are sold for $16,000.

Account Titles and Explanation	Debit	Credit
(To record sale of other assets)
(To record repayment of loan)
(To record distribution to partners)