The partners in Carta Vista Company decide to liquldste the firm when the balance sheet shows the following Carla Vista Company Balance Sheet May 31, 2020 Assets Liabilities and Owners' Equity Cash $28,300 Notes payable $13 900 Accounts receivable 25,500 Accounts payable 27.400 Allowance for doubtrol accounts (2500 4200 Salaries and was payable A Jamisos capital Inventory 34 200 33300 Equipment 20.700 S. Moyer capital 20 550 Accumulated depreciation-equipment 15.300 Proper 2559 310100 $101.900 The partners share income and loss 3:2 During the process of liquidation, the owing transactions were completed following quen The partners share income and loss 5:3:2. During the process of liquidation, the following transactions were completed in the following sequence 1 2 3. A total of $54,050 was received from converting noncash assets into cash Gain or loss on realization was allocated to partners Liabilities were paid in full, P. Roper paid his capital deficiency Cash was paid to the partners with credit balances 5. Drepare the entries to record the transactions. Credit account cities are automatically indented when amounts entered Do notinim manually