Please solve H, and I. Show work

For - E -- Solved Below Please show how to calculate potential Capital

March, April, and May have been in partnership for a number of years. The partners allocate all profits and losses on a 2:3:1 basis, respectively. Recently, each partner has become personally insolvent and, thus, the partners have decided to liquidate the business in hopes of remedying their personal financial problems. As of September 1, the partnership's balance sheet is as follows: Cash Accounts receivable Inventory Land, building, and equipment (net) Total assets $ 12,000 86,000 78,000 39,000 $ 215,000 Liabilities March, capital April, capital May, capital Total liabilities and capital $ 63,000 29,000 76,000 47,000 $ 215,000 Prepare journal entries for the following transactions: (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Sold all inventory for $57,000 cash. b. Paid $7,800 in liquidation expenses. c. Paid $41,000 of the partnership's liabilities. d. Collected $47,000 of the accounts receivable. e. Distributed safe payments of cash; the partners anticipate no further liquidation expenses. f. Sold remaining accounts receivable for 20 percent of face value. g. Sold land, building, and equipment for $18,000. h. Paid all remaining liabilities of the partnership. i. Distributed cash held by the business to the partners. Partner March April May Current Capital Adjusted $19,400 $61,600 $42,200 Share of Maximum Loss 2/6 * $ 78,000 = $26,000 3/6 * $ 78,000 $39,000 1/6 * $ 78,000 = $13,000 Potential Capital $(6,600) $ 22,600 $ 29,200 *Maximum losses could be suffered on the remaining $39,000 in accounts receivable and the $39,000 in land, building, and equipment. Based on the above potential losses, March would have a deficit capital balance of $6,600 which in turn has to be allocated to the two partners having positive capital balances: Partner April May Potential Capital (above) $22,600 $29,200 Share of March's Deficit 3/4 * $6,600 = $4,950 1/4 x $6,600 = $1,650 Potential Capital $17,650 $27,550