To edit and save, sign in with a subscription. fx N Immediately prior to the process of liquidation on December 31, 2014 partners Micco, Niccum, and Orwell of MNO Partnership have capital balances of $70,000, $20,000 and $40.000, respectively. There is a cash balance of $20.000, noncash assets to $170,000, and lubilities total 10,000. The partners share net income and buses in the ratio of 1:1. Diferent than lecture) If there is a defeciency assume the partner pays it. Sold non-cash assets for $80,000 1. Prepare the Statement of Partnership Liquidation for the period December 1.31, 2014. Format Pages 5926 V27 g 610.) 2. journalize the entries to record the liquidation outlined below, using Assets as the account title for the noncash assets and abilities as the account title for all creditors claims POP At All balance in any financial statement are "arma hoes (26 562761) Only negative when normal balance is metrample: Cash account over format shown on Pages SVS VT PE610. All balances have mere formats and Sexxxis Currency format, mis General comma". Do's underscoring per pages referenced MNO Partnership Statement of Partnership Liquidation For periond December 1-31, 2014 Percome that XX.XXX D -- Gew 200 Scoring Rubric Total points SPS Lia ProfiShare Correct's journal aries Mistakes here core 44 A2 Underscores Com Rowlites Statement format 20 20 B Toliata 200 200 100% 50 Extra Credit Assignment +