""After discontinuing the ordinary business operations and closing the accounts on May 7,

ledger of the partnership of A,B and C indicated the following: 

Cash 7,500

Noncash Assets 105,000

Liabilities $27,500

A, Capital 45,000

B, Capital 15,000 

C, Capital 25,000

$112,500 $112,500

The partners share net income and losses in the ratio of 3:2:1. Between May 7-30, the noncash assets were sold for $45,000, the liabilities were paid, and the remaining cash was distributed to the partners.

Prepare a statement of partnership liquidation.