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 28,000 Furniture 27,000 Partners' Equity Equipment 41.000 Ryan, Capital 30,000 Other assets 8,000 Peter, Capital 30,000 Total assets $103,000 Total liabilities and partners' equity $103,000 Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. They sold the furniture and equipment for $69,000. Which of the following is the correct journal entry for the sale transaction? 68,000 O A. Cash Furniture Equipment OB. Loss on Disposal 27,000 41,000 1,000 68,000 Cash 27,000 42,000 of 69 Furniture Equipment O c. Cash Furniture Equipment 69,000 27,000 41,000