PRINTER VERSION 4 BACK NEX Exercise 12-10 (Part Level Submission) Prior to the distribution of cash to the partners, the accounts in the VUP Company are: Cash $38,000; Vogel, Capital (Cr.) $22,400; Utech, Capital (Cr.) $20,400; and Pena, Capital (Dr.) $4,800. The income ratios are 5:3:2, respectively. VUP Company decides to liquidate the company. (a) Your answer is partially correct. Try again. Prepare the entry to record (1) Pena's payment of $4,800 in cash to the partnership and (2) the distribution of cash to the partners with credit balances. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (1) Cash $4,800 Pena, Capital $4,800 (2) Vogel, Capital $26,750 Utech, Capital $16,050 Cash $42,800 Click if you would like to show Work for this question: Open Show Work