The following transactions transpire during the liquidation of the Marks, Norris, Smith, and Savannah partnership:

• Collected 90 percent of the total accounts receivable with the rest judged to be uncollectible.

• Sold the land, building, and equipment for $175,000.

• Made safe capital distributions.

• Learned that Savannah, who has become personally insolvent, will make no further contributions.

• Paid all liabilities.

• Sold all inventory for $96,000.

• Made safe capital distributions again.

• Paid liquidation expenses of $14,000.

• Made final cash disbursements to the partners based on the assumption that all partners other than Savannah are personally solvent.

Prepare journal entries to record these liquidation transactions.