Wildhorse Company at December 31 has cash $22.400, noncash assets $108.000, liabilities $57,400, and the following capital balances: Floyd $44,800 and DeWitt $28,200. The firm is liquidated, and $118,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively Wildhorse Company now decides to liquidate the partnership. Prepare the entries to record: (Credit account titles are automatically indented when amount is entered. Do not indent manually) The allocation of the gain or loss on realization to the partners. a The sale of noncash assets. b. c Payment of creditors d Distribution of cash to the partners. Account Titles and Explanation eTextbook and Media Save for Later Debit Credit Attempts: 0 of 3 used Submit Awar