Prior to the distribution of cash to the partners, the accounts in the Ivanhoe Company are Cash $38,000; Vogel, Capital (Cr.) $22,400; Utech, Capital (Cr.) $20,400; and Pena, Capital (Dr.) $4,800. The income ratios are 5:3:2, respectively. Ivanhoe Company decides to liquidate the company. (a) Prepare the entry to record (1) Pena's payment of $4,800 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) eTextbook and Media Attempts: 1 of 3 used (b) Prepare the entry to record (1) the absorption of Pena's capital deficiency by the other partners and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)