Can i have some help on this one ?

Instructions On November 1, the firm of Bowes, Simmons, and Ahmed decided to liquidate itspartnership. The partners have capital balances of $57,860, $72,160, and $9,510, respectively. The cash balance is $31,56 the book values of noncash assets total $128,340, and liabilities total $20,370. The partners share income and losses in the ratio of 2:2:1. Required: 1. Prepare a Statement of partnership liquidation, covering the period November 1-30, for each of the following independent assumptions: a. All of the noncash assets are sold for $156,000 in cash, the creditors are paid, and the remaining cash is distributed to the partners.* b. All of the noncash assets are sold for $55,320 in cash, the creditors are paid, the partner with the debit capital balance pays the amount owed to the firm, and the remaining cash is distributed to the partners. * * Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers (balance deficiencies, payments, cash distributions, divisions of loss), use a minus sign. If there is no amount to be reported for sale of assets, payment of liabilities, receipt of deficiency, or cash distribution rows, the cell can be left blank. However, In the balance rows, a balance of zero MUST be indicated by entering *0".2. Assume the partner with the capital deficiency in part (b) declares bankruptcy and is unable to pay the deficiency Journalize the entries on NOV. 30 to (a) allocate the partner's deficiency and (b) distribute the remaining cash. Refer to the chart of accounts for the exact wording of the account titles. ONOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOV journals will automatically indent a credit entry when a credit amount is entered.Chart of Accounts CHART OF ACCOUNTS Bowes, Simmons, and Ahmed General Ledger ASSETS REVENUE 110 Cash 410 Revenues 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 113 Allowance for Doubtful Accounts EXPENSES 114 Interest Receivable 510 Cost of Merchandise Sold 115 Notes Receivable 520 Salary Expense 116 Inventory 521 Advertising Expense 117 Supplies 522 Depreciation Expense-Building 118 Office Supplies 523 Depreciation Expense-Equipment119 Prepaid Insurance 526 Repairs Expense 120 Land 529 Selling Expenses 123 Building 531 Rent Expense 124 Accumulated Depreciation-Building 533 Insurance Expense 125 Equipment 534 Supplies Expense 126 Accumulated Depreciation-Equipment 535 Office Supplies Expense 129 Asset Revaluations 536 Credit Card Expense 133 Patent 537 Cash Short and Over 538 Property Tax Expense LIABILITIES 539 Miscellaneous Expense 210 Accounts Payable 710 Interest Expense 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable\fLabels and Amount Descriptions Labels For Period November 1-30 For the Year Ended November 30 Amount Descriptions Balances after payment of liabilities Balances after realization Balances before realization Capital additions Cash distributed to partners Final balances Less partner withdrawals Net income for the year Payment of liabilities Receipt of deficiencySale of assets and division of gain Sale of assets and division of lossStatements of Partnership Liquidation 1. a. Prepare a statement of partnership liquidation, covering the period November 1-30. Assume that all of the noncash assets are sold for $156,000 in cash, the creditors are paid, and the remaining cash is distributed to the partners. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers (balance deficiencies, payments, cash distributions, divisions of loss), use a minus sign. If there is no amount to be reported for sale of assets, payment of liabilities, receipt of deficiency, or cash distribution rows, the cell can be left blank. However, in the balance rows, a balance of zero MUST be indicated by entering "(" Bowes, Simmons, and Ahmed Statement of Partnership Liquidation For Period November 1-30\f1. b. Prepare a statement of partnership liquidation, covering the period November 1-30. Assume that all of the noncash assets are sold for $55,320 in cash, the creditors are paid, the partner with the debit capital balance pays the amount owed to the firm, and the remaining cash is distributed to the partners. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers (balance deficiencies, payments, cash distributions, divisions of loss), use a minus sign. If there is no amount to be reported for sale of assets, payment of liabilities, receipt of deficiency, or cash distribution rows, the cell can be left blank. However, in the balance rows, a balance of zero MUST be indicated by entering *0" Bowes, Simmons, and Ahmed Statement of Partnership Liquidation (Label)Capital, Bowes Capital, Simmons Capital, Ahmed Cash + Noncash Assets = Liabilities + (2/5) + (2/5) + (1/5) 3 d 5 6 7 8 Balances 10