Qention 2 The Balance Sheet prepared an ad 31 December 2021 was as follows Lex. Tox and Des Balance Sheet as a December 31, 2021 S fisol Ass (all att book valar) Plan and Machinery 40,000 16.000 56,000 Camt And Acc Receivable Los De Liabilities 20,000 $1,000 104,000 Accounts Peable Bankeverdraf 68,000 52.000 120.000 600 10.000 Equity Account Lex Tes Des 16,000 16,000 8.000 40,000 Following a dispute over the accounting treatment of a major account receivable, the partners have agreed to dissolve the Partnership. The following information is available: a) Plant and Machinery were sold for $48,000 while Furniture and Fixtures were disposed ata value of $24,000. b) All the inventory was sold for $16,000. c) Account payables were duly settled. The partnership business had been dependent on one major customer who had been declared bankrupt owing an irrecoverable debt of $72.000. The remaining account receivables settle their amount due in full. Des informed Lex and Tex that he would be unable to provide funds to clear any indebtedness that may arise because of the dissolution.