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  3. machinery is sold for $197,000, and the partners h

machinery is sold for $197,000, and the partners have no assets other than those invested...

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Accounting

machinery is sold for $197,000, and the partners have no assets other than those invested in the business. (Negative answers should be indicated by a minus sign.)22pointseBookReferencesPremium Pool and SpaJune 30,2023CashMachineryAccum.Deprec., MachineryAccountsPayableJim Lui, CapitalKent Montavo, CapitalDaveJohnson, CapitalAccount balances June 30,2023$70,250$598,750$142,000135,800$76,800$201,400$113,000Sale of Machinery for $197,000197,000(598,750)(142,000)(25,975)(103,900)(129,875)Balance$267,250$0$$135,800$50,825$97,500$(16,875)Payment of liabilities(135,800)(135,800)Balance$131,450S0$50,825$97,500$(16,875)Allocation of deficiency016,875$$0$0BalanceDistribution of cash to partners0So I did everything but allocation of deficiency balance distribution of cash to partners getting wrong

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