PR 12-5A After discontinuing the ordinary business operations and closing the accounts on Feb 3, the ledger of the GC partnership of Gerloff, Chu, and Jewett indicated the following: Cash Noncash Assets Liabilities Gerloff, Capital Chu, Capital Jewett, Capital s 5,200 55,900 s 15,000 19,300 4,500 $61100 $61100 The partners share net income and losses in the ratio of 2:1:1. Between Feb 3 and Feb 28, the noncash assets were sold for $34,300, the liabilities were paid, and the remaining cash was distributed to the partners. Prepare a statement of partnership liquidation. Assume any partner with a capital deficiency pays the deficiency to the partnership