The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Part A Prepare a predistribution plan for this partnership. Part 8 The following transactions occur in liquidating this business: 1. Distributed safe payments of cash immediately to the partners. Liquidation expenses of $8,000 are estimated as a basis for this computation, 2. Sold noncash assets with a book value of $94,000 for $60,000. 3. Paid all liabilities: 4. Distributed safe payments of cash again. 5. Sold remaining noncash assets for $51,000. 6. Paid actual liquidation expenses of $6,000 only. 7. Distributed remaining cash to the partners and closed the financial records of the business permanently. Produce o 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 llquidation transactions reflected in the final statement of liquidation