The portnership of Bouer, Ohtoni, and Souzo has elected to cease ll il operations and liquidste its business property. A balance sheet

drown up at this time shows the following occount bolances:

Cash

Noncash asscts

Total astets

Iisbilities

Bauer, capital $($Gox$)$

Ohtan$1,$ capital $(20\%)$

Souza, capital $(20$x$)$

rotal liabilitics and capttal

Required:

Part A

Prepare o predistribution plan for this partnership.

Part B

The following transactions occur in liquidating this business:

Distributed safe payments of cosh 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 $$126,000$ for $$79,000.$

Paid all liabilities.

Distributed safe payments of cash again.

Sold remaining noncash assets for $$67,000.$

Paid actual liquidation expenses of $$7,000$ only.

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.

Complete this question by entering your answers in the tabs below.

Part A

Part $E$

Part C

Prepare a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partiners.

Nate: Do not rourd intermediate calculations. Round your final answers to the nearest whole dollar amount.