QS 11-18 Partnership liquidation-gain on sale of equipment Sam, Andrew, and Mary were partners in Gem Skateboard Company. The partners shared profits and losses 3:2:3, respectively. On April 1, 2023, the partnership showed the following account balances just prior to liquidation: Equipment was sold for $175,000. Prepare the journal entry to record the final distribution of cash. QS 11-19 Partnership liquidation-loss on sale of equipment LOS eXcel Assume the same information as in Q) 11-18 except that the Equipment was sold for $85,000 on April 1, 2023. Prepare the journal entry to record the final distribution of cash