t balances as of Decem, and Sam Smith were partners in an urban Calgary tea shop called Wake and showed the following t balances as of December 31,2023 : difficulties, the partners decided to liquidate the partnership. The land and building-were sold for $703,000 on January 1,2024. itners share any profit (loss) in the ratio of 2:1:1 for Wheaton, Chen, and Smith, respectively. Capital deficiencies at liquidation are ed by the remaining partners in Wake according to their profit (loss) ratio sd: ite the schedule. Prepore the entry to distribute the remaining cash to the partners. (Negative answers should be indicated by s sign.) Record the distribution of remaining cash to partners. Note: Enter debits before credits