The Jenkins & Mitchell partnership has the following balances on December 31, 2018: (Click the icon to view the balances.) Jenkins and Mitchell share profits 1:3, respectively. Jenkins and Mitchell decide to liquidate the partnership. Journalize the sale of the non-cash assets for $77,000, the payment of the liabilities, and the payment to the partners. Assume Mitchell contributes cash equal to the capital deficiency. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the sale of the non-cash assets for $77,000. Data Table Date Accounts and Explanation Debit Credit 2018 Jenkins and Mitchell Dec. 31 Balance Sheet December 31, 2018 Assets Liabilities Cash $ $ 70,000 18,000 Accounts Payable 117,000 Non-cash Assets Journalize the allocation of and gain or loss on the sale of the non-cash assets. Partners' Equity Date Accounts and Explanation Debit Credit Jenkins, Capital 40,000 25,000 2018 Mitchell, Capital Dec. 31 Total Partners' Equity 65,000 $ 135,000 $ 135,000 Total Assets Total Liabilities and Partners' Equity Print Done Choose from any list or enter any number in the input fields and then continue to the next question. Debit Credit Journalize the payment of the liabilities. Date Accounts and Explanation 2018 Dec. 31 Journalize the cash contribution equal to the capital deficiency. Date Accounts and Explanation Debit Credit 2018 Dec. 31 Debit Credit Journalize the payment to the partners. Date Accounts and Explanation 2018 Dec. 31