Would be greatly appreciated, if answers are correct. Will leave a like. : )

Lui, Montavo, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and losses in a 1:4:5 ratio, and on the day of the liquidation their balance sheet appeared as follows: Required: 1. Under the assumption that the machinery is sold and the cash is distributed to the proper parties on June 30,2023 , complete the schedule provided below. Show the sale, the gain or loss allocation, and the distribution of the cash in each of the following unrelated cases: b. The machinery is sold for $387,000. (Negative answers should be indicated by a minus sign.) c. The machinery is sold for $207,000, and any partners with resulting deficits can and do pay in the amount of their deficits. (Negati answers should be indicated by a minus sign.) d. The machinery is sold for $199,000, and the partners have no assets other than those invested in the business. (Negative answe should be indicated by a minus sign.) 2. Prepare the entry to record the final distribution of cash assuming the machinery is sold for $500,000. Journal entry worksheet Record the final distribution of cash to the partners. Note: Enter debits before credits