Problem 1: Given the following information, prepare the liquidation statement and
prepare the journal entry for the final distribution.
Balance Sheet prior to liquidation:
	cash	23,000		liabilities	115,000
	accounts receivable	45,000
	inventory	67,000		Randy capital	70,000
	PPE	108,000		Amy capital	58,000
	total assets	243,000		total L & PE	243,000
	Randy and Amy share in profits and losses 3:2, respectively.
Liquidation transactions:
	March 14 - you collected 32,000 of receivables and wrote-off the remainder
	April 9 - you sold 65,000 of PPE for 56,000
	July 8 - you paid 7,000 of liquidation expenses
	August - 26 - you sold all of the inventory for 50,000
	September 5 - you sold 43,000 of PPE for 55,000
	October 30 - you paid all liabilities
	December 1 - you made the final distribution