The partnership of Bauer, Ohtani, and Souza has elected to cease ail operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Required: Part A Prepare a predistribution plan for this partnership. Part B The following transactions occur in liquidating this business: 1. Distributed safe payments of cash immediately to the partners. Liquidation expenses of $9,000 are estimated as a basis for this computation. 2. Sold noncash assets with a book value of $102,000 for $66,000. 3. Paid all liabilities. 4. Distributed safe payments of cash again. 5. Sold remaining noncash assets for $55,000. 6. Paid actual liquidation expenses of $7,000 only. 7. Distributed remaining cash to the partners and closed the financial records of the business permanently. Prepare a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partners. Part C Prepare journal entries to record the liquidation transactions reflected in the final statement of liquidation. \begin{tabular}{|l|l|l|l|l|} \hline F & 6 & Bauer, Capital & \\ \hline & & Ohtani, Capital & \\ \hline & Souza, Capital & \\ \hline & Cash & \\ \hline & & & \\ \hline G & 7 & Bauer, Capital & \\ \hline & & Ohtani, Capital & \\ \hline & Souza, Capital & \\ \hline & Cash & \\ \hline \end{tabular}