Question four (8 points) Ahmad, Khaled and Ali are three partners in partnerships, divided profit and loss 1:2:2 respectively, on 31/12/2018 they agrees to liquidate the partnerships on the same dates the Balance Sheet as follows Assets amount Liabilities & Capital amounts cash 10,000 Accounts payable 20,000 Non cash assets 45,000 Ahmad capital 11,000 Khaled capital 8,500 Ali capital (15,500 total 55,000 total 55,000 Others information:- 1 - All non-cash assets are sold cash for $30,000 2- Liquidation expenses are paid for cash $10,000 3- Khaled are insolvent partners 4- All liabilities are paid cash Instructions: prepare the liquidation statements