Please help with the following

The partnership of Bauer, Ohtani, and Souza has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Cash 64,000 Liabilities % 44,008 Noncash assets 225,000 Bauer, capital (6@%) 132,000 Chtani, capital (2@%) 36,008 Souza, capital (2@%) 77,088 Total assets $ 289,000 Total liabilities and capital $ 239,002 Required: Part A Prepare a predistribution plan for this partnership. Part B The following transactions occur in liquidating this business: . Distributed safe payments of cash immediately to the partners. Liquidation expenses of $9,000 are estimated as a basis for this computation. Sold noncash assets with a book value of $96,000 for $64,000. . Paid all liabilities. . Distributed safe payments of cash again. Sold remaining noncash assets for $52,000. . Paid actual liquidation expenses of $7.000 only. 7. Distributed remaining cash to the partners and closed the financial records of the business permanently. Ul W Prepare a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partners. Part C Prepare journal entries to record the liquidation transactions reflected in the final statement of liquidation. Complete this question by entering your answers in the tabs below. Part A Part B Part C Prepare a predistribution plan for this partnership. Mote: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. 24000 o] 41000 o 240000 0] 41000 [ of of 9 24000 of 41.000] Beginning balances Assumed loss of Schadule 1 Step one balances Assumed loss of Schadule 2 Step two balances Assumed loss of Schadule 3 Step three balances Part A Part B Part C Prepare a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partners. Mote: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Beginning balances Distribution Updated balances r r r - r r A (el l + ol 7| 5 | v Moncash assets sold Updated balances 132000 $ 36,000 $ 77,000 Liabilities paid Updated balances 5 | sz s o] 5 1o 5 0w 5 7o) First (remainder of first distribution) Mext Mext Updated balances $ 225,000 $ 440000 5 132,000 $ 360000 F T77.000 Noncash assets sold Updated balances Liquidation expenses paid Updated balances Final distribution based on ending capital account balances Ending balance $ 64000) % 2250000 44000 $ 132000 % 36000 % 77,000 $ 64000) % 2250000 44000 $ 132000 % 36000 % 77,000 B 64000) 2250000 44000] $ 132000 $ 36000 77,000 Journal entry worksheet Record the entry for initial cash payments made to partners in accordance with predistribution plan. Mote: Enter debits before credits, Clear entry View general journal Journal entry worksheet Record the sale of noncash assets with a book value of $96,000 for $64,000. Mote: Enter debits before credits. Clear entry View general journal Journal entry worksheet Record the extinguishment of all partnership liabilities. Mote: Enter debits before credits. Clear entry View general journal Journal entry worksheet Record the entry for cash payments made to partners in accordance with predistribution plan. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journalJournal entry worksheet Record the sale of the remaining noncash assets for $52,000. Mote: Enter debits before credits. s . r v r | - r r v r | - r | - r r . | Record entry Clear entry View general journal Journal entry worksheet