Refer to the data in Exercise 16-8. During the liquidation process for the APB Partnership, the following events occurred:

1. During the first month of liquidation, noncash assets with a book value of \(\$ 85,000\) were sold for \(\$ 65,000\), and \(\$ 21,000\) of the liabilities were paid.
2. During the second month, the remaining noncash assets were sold for \(\$ 79.000\), and the rest of the outside creditors were paid, and the partners agreed to offset Aken's loan against his capital balance.
3. Cash is distributed to partners at the end of each month.
\section*{Required}
Prepare a statement of partnership realization and liquidation with a schedule of safe payments to partners for the liquidation period.