Rob Davis, Stewart Vintu, and Vern Wilson are dating their partnership. Before selling the assets and paying the liabilities, the capital balances are Davis $40,000; Vintu, $24,000; and Wilson, $16,000. The profit-and-loss-sharing ratio has been 1: 1: 2 for Davis, Vintu, and Wilson, respectively. The partnership has $64,000 cash, 38,000 non-cash assets, and $22,000 accounts payable. 1. Assuming the partnership sells the non-cash assets for $46,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of remaining cash to partners. 2. Assuming the partnership sells the non-cash assets for $11,000, record the journal entries for the sale of non-cash assets, allocation of gain or loss on liquidation, the payment of the outstanding liabilities, and the distribution of remaining cash to partners