Problem #1 (30 points) The MFP Partnership is to be liquidated when the ledger shows the following: Cash $ 50,000 Noncash Assets 200,000 Liabilities 50,000 Mossimo, Capital 75,000 Fandango, Capital 100,000 Plank, Capital 25,000 Mossimo, Fandango, and Plank's income ratios are 2:5:3, respectively. Instructions Prepare separate entries (journal entries or T-accounts) to record the liquidation of the partnership assuming that the noncash assets are sold for $100,000 in cash. If a partner ends up with a deficiency assume that particular partner does not invest additional cash. If your computation results in a decimal then round it to the nearest dollar