Sesame Street Co. is shutting down business and liquidating. The balances below will be used for the liquidation. Bert and Ernie share profits and losses equally. Sesame Street Co. Balance Sheet December 31, 2020 Assets Liabilities Cash $3,000 Notes Payable $7,500 vehicle 30,000 Partners' Equity Less: Accumulated Depreciation 15,000 Bert, Capital 9,000 Ernie, Capital 1,500 Total Assets $18,000 Total Liabilities and Partner's equity $18,000 The vehicle has been sold for $14,000 cash and neither partner has sufficient assets to pay any capital deficits. REQUIRED: Prepare the journal entries for the sale of the vehicle and the distribution of the cash to the proper parties on January 1, 2021 below.