Required: 1. Under the assumption that the machinery is sold and the cash is distributed to the proper parties on June 30,2023 , complete the schedule provided below. Show the sale, the gain or loss allocation, and the distribution of the cash in each of the following unrelated cases: Lui, Montavo, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and losses in a 1:4:5 ratio, and on the day of the liquidation their balance sheet appeared as follows: b. The machinery is sold for $379,000. (Negative answers should be indicated by a minus sign.)