TUTTI Mer Be r edsed on April 10, prior to liquidating the t hin the capital con uchfach Austin Low A n d we 5,100 $2,900, piel. Cash and noncassets total 59.200 and $71,600, respectively. Amounted to creditors total 1.200. The partners share income and losses in the ratio of 1:12. Between April 10 and April 30, me noncash assets are sold for $20,000, the partner with the capital deficiency as the deficiency to the othership, and the same pad 1. Prepare a statement of partnership odation indicating the sale of and division of loss, th the payment of the the deficiency from the preparer e distribution trach Este any s tations ince deficiencies, payments, cash distribution, division of w as negative numbers using a softhene art of an amount is ere, entero Fairchild town, and H ard Statement of Partnership Liquidation for Period April 10-10 Fairchild, Lowe Howard, 1/ (2/6) 2. Assume the partner with the capital deficiency declares bankruptcy and is unable to pay the deficiency Awalize the entry to allocate the partner's deficiency. For a compound transaction, if an amount box does not require an entry, leave it blank. ACCOUNT DEBIT CREDIT b a s e the entry to distribute the remaining cash. For a compound transaction, if an amount box does not require an entry, leave it blank. ACCOUNT DEBIT CREDIT