For each of the following scenarios, complete the schedule allocating the gain or loss on the sale of inventory. Prepare journal entries to record the below transactions. (Do not round intermediate calculations. Amounts to be deducted or Losses should be entered with a minus sign. Round your final answers to the nearest whole dollar.) (1) Inventory is sold for $620,400. (2) Inventory is sold for $426,000. (3) Inventory is sold for $333,600 and any partners with capital deficits pay in the amount of their deficits. (4) Inventory is sold for $256,200 and the partners have no assets other than those invested in the partnership.
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its an animal thats produces milk