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Martha Wheaton, Bess Chen, and Sam Smith were partners in an urban Calgary tea shop called Wake and showed the following account balances as of December 31, 2023: Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $721,000 on January 1,2024 . The partners share any profit (loss) in the ratio of 2:1:1 for Wheaton, Chen, and Smith, respectively. Required: Complete the schedule. Prepare the entry to distribute the remaining cash to the partners assuming any deficiencies are paid by the partners. (Negative answers should be indicated by a minus sign.) View transaction list View journal entry worksheet \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ No } & \multicolumn{1}{|c|}{ Date } & \multicolumn{1}{|c|}{ General Journal } \\ \hline & 1 & Jan 01,2024 & Martha Wheaton, capital \\ \hline & & Sam Smith, capital \\ \hline & & Cash \\ \hline \end{tabular}