right answer please

Exercise 11-14 Liquidation of a partnership LOS David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31, 2020 Accum. Deprec. Equipment Equipment $209,000 $108,000 Cash $52,900 Accounts Payable $8,900 David Wallace, Capital $50,000 Notes Payable $31,000 Account balances December 31, 2020 Olena Dunn, Capital $33,990 Danny Lin, Capital $31,000 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $75,000 on January 1, 2021. The partners share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively Required: 1. Complete the schedule. (Negative answers should be indicated by a minus sign.) Accum. Accounts Equipment Notes David Cash Deprec. Wallace Equipment Payable Payable Capital $ 52.900 5 209,000 5 108.000 $ 8,900 $ 31,000 $ 50,000 $ 75,000 (209,000 (108,000 $ 127,900 5 0 $ 05 8,900 5 31,000 $ 50.000 $ Olena Dunn Capital 33,000 $ Danny Lin, Capital 31.000 Account balances December 31, 2020 Sale of equipment Balance Payment of liabilities Balance 33.000 $ 31.000 5 127,900 5 0 $ 0 s 8.900 S 31,000 5 50,000 $ 33.000 $ 31.000 Record the sale of equipment. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2021 Record entry Clear entry View general journal