The partners in Cullumber Company decide to liquidate the firm when the balance sheet shows the following Cullumber Company Balance Sheet May 31, 2020 Assets Liabilities and Owners' Equity Cash $28,900 Notes payable $13,100 Accounts receivable 24,600 Accounts payable 26,700 Allowance for doubtful accounts (1,200) Salaries and wages payable 4,100 Inventory 34,500 A. Jamison, capital 32,500 Equipment 21,500 S. Moyer, capital 23,650 Accumulated depreciation equipment (5.700) P. Roper, capital 2.550 $102,600 $102,600 The partners share income and loss 5:3:2. During the process of liquidation, the following transactions were completed in the following sequence. 1. A total of $54,150 was received from converting noncash assets into cash. 2. Gain or loss on realization was allocated to partners. 3. Liabilities were paid in full. 4. P. Roper paid his capital deficiency. 5. Cash was paid to the partners with credit balances (a) Prepare the entries to record the transactions. (b) Post to the cash and capital accounts. (Post entries in the order of journal entries presented in the previous part (c) Assume that Roper is unable to pay the capital deficiency. (1) Prepare the entry to allocate Roper's debit balance to Jamison and Moyer. (2) Prepare the entry to record the final distribution of cash