Martha Wheaton, Bess Jones, and Sam Dun were partners and showed the following account balances as of December 31, 2014:

Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $680,000 on January 1, 2015. The partners share any income (loss) in the ratio of 2:1:1 for Wheaton, Jones, and Dun respectively.

Required
Prepare the entry to distribute the remaining cash to the partners assuming any deficiencies are paid by thepartners.

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Accum. Deprec. Martha Bess Sam Accounts Wheaton, Jones, Dun, Cash Building Building Land Payable Capital Capital Capital Account balances December 31, 2014... $184,000 $824,000 $480,000 $208,000 $128,000 $316,000 (52,000) $344,000