Sand, Mell, and Rand are partners who share incomes and losses in a $1$:$4$:$5$ ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decided to liquidate the partnership. Before the liquidation, the partnership balance sheet showed Cash $$10,000,$ total $$other assets$,$ $$106,000$; total liabilities, $$88,000$; Sand, Capital, $$1,200$; Mell, Capital, $$11,700$; and Rand, Capital, $$15,100.$ The $$other assets$$ were sold for $ $85,000.$

Determine the following:$)$

$1.$ The gain $($or loss$)$ realized on the sale of the assets.

$2.$ The balances in the partners$$ capital accounts after the distribution of this gain or loss to the capital accounts.

$3.$ Assume that if any capital deficits exist, they are not made$-$up$.$ How much cash will each of the partners receive in the final liquidation?

$4.$ Prepare the Journal entry that will be processed for the liquidation.