Sedgwick Company at December 31 has cath $20,000, noncash sits 5107,000, labies $53,600, and the following capital balances Floyd 2,400 and DeWitt $31,800. The firm is liquidated, and 1113.000 incat la received for the necasats. Foyd and Dewit income ratios are 70% and 30%, respectively. Sedgwick Company now decides to liquidate the partnership Prepare the entries to record (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The sale of noncash assets (6) The allocation of the pain or loss on realization to the partners (c) Payment of creditors (d) Dibution of cash to the partners