The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:3:3, respectively:

Cash.$ 90,000 LO6 Otherassets. 820,000 Hardwick, loan. 30,000 Total assets. $940,000 Accounts payable.$210,000 Ferris, loan.40,000 Hardwick, capital. 300,000 Saunders, capital. 200,000 Ferris, capital. 190,000 Total liabilities and capital .... $940,000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $200,000. Prepare a proposed schedule of liquidation.