The Partners of Donald, Chief & Berry LLP Decided to Liquidate

The partners of Donald, Chief & Berry LLP decided to liquidate on August 1, 2013. The balance sheet of the partnership is as follows, with the profit and loss ratio of 25%, 45%, and 30%, respectively.
DONALD, CHIEF, & BERRY LLP
Balance Sheet
August 1, 2013
$\begin{array}{lrlr}\text { Assets }&&\text { Labilities \& Partners' Capital }\\\text { Cash } & \mathbf{\$ 6 0 , 0 0 0} & \text { Trade accounts payable } & \$ 130,000 \\\text { Loan receivable from Donald } & 40,000 & \text { Loan payable to Chief } & 60,000 \\\text { Other assets } & 500,000 & \text { Donald, capital } & 140,000\\&&\text { Chief, capital } & 160,000 \\&&\text { Berry, capital } & 110,000 \\\text { Total } & \$ 600,000?&\text { Total } & \$ 600,000\end{array}$ The disposal of Other Assets with a carrying amount of $200,000 realized $140,000, and all available cash was distributed.
Prepare the journal entry for Donald, Chief & Berry LLP on August 1, 2013, to record payment of liabilities.