The partners of Donald, Chief & Berry LLP decided to liquidate on August 1, 2021. The balance sheet of the partnership is as follows, with the profit and loss ratio of 25%, 45%, and 30%, respectively. The partners do not expect to incur further liquidation expenses. DONALD, CHIEF, & BERRY LLP Balance Sheet August 1, 2021 Assets Liabilities & Partners' Capital Cash $ 60,000 Trade accounts payable $130,000 Loan receivable from 40,000 Donald Loan payable to Chief 60,000 Other assets 500,000 Donald, capital 140,000 Chief, capital 160,000 Berry, capital 110,000 Total $600,000 Total $600,000 A portion of the Other Assets with a carrying amount of $200,000 were sold for $140,000, and all available cash was distributed. Prepare the journal entry for Donald, Chief & Berry LLP on August 1, 2021, to recognize proceeds from the sale of Other Assets. Short Answer Toolbar navigation BI VS ka == <: a2>