tatement of Partuershlp Lquidation in August 3, the firm of Chapelle, Rock, and Pryor decided to liquidate its partnership, The partners have capital balances of $49,000,$69,000, and $11,000, espectively, The cash balance is $19,000, the book values of noncash assets total $145,000, and liabilities total $35,000. The partners share income and losses in the atio of 2:2:1. 2equiredi 1. Prepare a statement of parthership liquidotion, covering the period August 3-29, for each of the following independent assumptions: 2. All of the noncash assets are sold for $196,000 in cash, the creditors are paid, and the remaining cash is distributed to the partners: Enter any subtractions (oalance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative eumbers using a minus sign. If there is no amount or an amount is zero, enter "0". b. All of the noncash assots are sold for $65,000 in cash, the creditors are paid, the partner with the debit capital balance pays the amount owed to the firmy, and the All of the noncash assets are sold for $65,000 in cash, the creditors are paid, the parner with the debit copital balance pars the amount owed to the firm, and the ermaining cash is distributed to the partners. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative. numbers using a minus sign. If there is no ameunt or an amount is zero. enter "n". 2. Assume the partner with the capital deficiency in port (b) dectares bankruptcy and is unable to pay the deficlency. Journalize the entry to allocate the parther's deficiency. For a compound transaction, if an amount box does not require an entry, ieave it bilani. b. Joumalire the entry to distribste the remaining cash. For a compound transaction, if an amount box does not require an entry, leave it blank