The MFP Partnership is to be liquidated when the ledger shows the following: Cash Noncash Assets Liabilities Mossimo. Capital Fandango, Capital $ 50.000 200,000 50,000 75,000 100,000 25,000 Plank, Capital Mossimo, Fandango, and Plank's income ratios are 6:3:1, respectively. Upon liquidation of partnership noncash assets were sold for $140,000 Instructions Choose the entry to record the allocation of gain or loss of selling noncash assets a. Mossimo. Capital 36,000 Fandango, Capital 6,000 Plank, Capital 18,000 loss on Realization 60000 b. Mossimo, Capital 36,000 Fandango, Capital 18,000 Plank, Capital 6,000 loss on Realization 60,000 C. Gain on realization 60,000 Mossimo. Capital 36,000 Fandango, Capital 18,000 Plank, Capital 6,000 d. None of these entries correct