Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows.

glimerit Saved Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. KENDRA, COGLEY, AND MEI Balance Sheet May 31 Assets Cash Inventory Liabilities and Equity 88,400 Accounts payable 546,600 Kendra, Capital Cogley, Capital $245,009 78,000 175, 500 136,500 $635,000 Mei, Capital Total assets 635,000 Total liabities and eauity 5635,000 Required: For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal ent to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should with a minus sign. Round your final answers to the nearest whole dollar) (1) Inventory is sold for $613,200. (2) Inventory is sold for $447,600. (3) Inventory is sold for $349,200 and any partners with capital deficits pay in the amount of their deficits (4) Inventory is sold for $286.200 and the partners have no assets other than those invested in the partnership. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Required 1G) Inventory Required 2 G) Required 3 Required 2 G) Inventory Required 3 GJ red4Re Inventory Pre 14 of 14