The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below. Assets Liabilities Cash $15,000 Accounts Payable $15.000 Accounts Receivable 12,000 Other liabilities 21.000 Furniture 22,000 Partners' Equity Equipment 39,000 Ryan, Capital 30.000 Other assets 8,000 Peter, Capital 30.000 Total assets $96,000 Total liabilities and partners' equity $96.000 Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. They sold the furniture equipment for $72,000. Which of the following is the correct journal entry for the sale transaction? 61,000 22.000 39,000 72,000 22,000 39,000 11,000 O A. Cash Furniture Equipment OB. Cash Furniture Equipment Gain on Disposal O C. Liquidation account Cash Furniture Equipment OD. Loss on Disposal Cash Furniture Equipment 133.000 72,000 22,000 39,000 11,000 61,000 22,000 50,000