The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property, A bolance sheet drawn up at this time shows the following occount balances: 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 parthers. Liquidation expenses of $9,000 are estimated as a basis for this computation 2. Sold noncash assets with a book value of $96,000 for $64,000. 3. Paid all liabilities 4. Distributed safe payments of cash again. 5. Sold remaining noncash assets for $52,000. 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. Produce a final statement of liquidation for this parthership using the predistribution plan to determine payments of cash to partners. Prepare Jurnal entries to record the liquidation transactions reflected in the final statement of liquidation. Part C Complete this question by entering your answers in the tabs below