The noncash assets are sold for $275,000. Profits and losses are shared equally. Required; a. Prepare journal entries for the sale of the noncash assets on October 1 . If an amount box does not require an entry, leave it blank. b. Prepare journal entry for the payment of the liabilities on October 15 . If an amount box does not require an entry, leave it blank. C. Prepare journal entry for the division of the remaining cash on October 20 . If an amount box does not require an entry, leave it blank