Prior to the distribution of cash to the partners, the accounts in the Blossom Company are Cash $ 26,800; Vogel, Capital (Cr.) $ 16,000: Utech, Capital (Cr.) $ 14,000; and Pena, Capital (Dr.) $3,200. The income ratios are 5:3:2, respectively, Blossom Company decides to liquidate the company. (a) Your answer is correct Prepare the entry to record (1) Pena's payment of $ 3,200 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) No. Account Titles and Explanation Debit Credit (1) Cash 3200 Pona, Capital 3200 (2) Vowel Capital 16000 Utech, Capital 14000 ework (Fall 2021) Question 3 of 6 7.5/15 Attempts: 2 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 marath/ No. Account Titles and Explanation Debit Credit (1) (2) eTextbook and Media DELL 5 o ** 3 $ 4 % 5 & 7 6 8 e r