Problem 15-21 (Algo) (LO 15-2, 15-3, 15-5) Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $8,000. At the date the partnership ceases operations, the balance sheet is as follows: Cash Noncash assets $ 56,000 150,000 Liabilities Alex, capital Bess, capital Total assets $ 206,000 Total liabilities and capital $ 43,000 105,000 58,000 $ 206,000 Part A: Prepare journal entries for the following transactions that occurred in chronological order: a. Distributed safe cash payments to the partners. b. Paid $25,800 of the partnership's liabilities. c. Sold noncash assets for $163,000. d. Distributed safe cash payments to the partners. e. Pald remaining partnership liabilities of $17,200. f. Paid $6,400 in liquidation expenses; no further expenses will be incurred. g. Distributed remaining cash held by the business to the partners. Part B: Prepare a final statement of partnership liquidation.