Question: please help me Martha Wheaton, Bess Chen, and Sam Smith were partners In an urban Calgary tea shop called Wake and showed the following account

please help me

please help me Martha Wheaton, Bess Chen, and Sam Smith were partners

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, 2020: Accum. Martha Bess San Deprec. Accounts wheaton, Chen, Smith, Cash Building Building Land Payable Capital Capital Capital Account balances December 31, 2020 $189,090 $834, Gee $485,000 $213,080 $133, 080 $326,080 $(57,080) $349,080 Due to difficulties, the partners decided to liquidate the partnership. The land and building were sold for $694,000 on January 1, 2021. 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.) Accum Martha Bess Sam Cash Building Depreci Land Accounts Wheaton Chen, Smith, Payable Building Capital Capital Capital Account balances December 31. 2020 5180.000 $ 834.000 5 485.000 5 213.000 133.000 328.000 5 (57.000) 349.000 Sale of land and building Balance Payment of liabilities Balance Absorption of deficiency Balance

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