Problem 2 (2596) Dennis, Fra nk and Harry are partners in a store. They share incom e and losses in the ratio of 1:2:2, respectively. The partners have agreed to the partnership. Here is the partnership balance sheet before liquidatior on June 30 20x3: ash $180,000, Other Assets $400,000, Liabilities $160,000, Dennis Capital $200,000, Frank Capital $120,000, Harry Capital $100,000. The other assets were sold for $180,000 on July 1, 20x3. Accounts payable were paid on July 5, 20x3, The remaining cash was distributed to the partners on July 12, 20x3. INSTRUCTIONS: Prepare the journal entries involved in the liquidation