Question 4 (12 Points) Moe, Larry and Curly are liquidating their business. On the date of liquidation, the balance sheet was as follows: Moe, Larry & Curly, LLP Balance Sheet November 19, 2019 Liabilities: Bonds Payable Partners' Equity: Assets: Cash Building $ 30,000 320,000 450,000 Moe, Capital Larry, Capital Curly, Capital Total Liability & Partners' Equity %24 100,000 40,000 20,000 160,000 480,000 Total Assets $ 480,000 Additional data: 1) The Building was sold for $360,000. 2) Gains or losses are shared equally. 3) Any partner that has a deficit in their capital account does not have assets outside of the business. Required: Prepare the following journal entries to liquidate the partnership: Nov. 21 The selling of the building for cash. (2 pts.) 21 The distribution of any gains or losses to the partners. 3 pts.) 21 The distribution of any partner capital account with deficit(s). (3 pts.) 24 The payment of the liability. (1 pt.) 24 The distribution of cash to the partner(s). (3 pts.)