=+PR 12-5B Statement of partnership liquidation obj. 4 On October 1, 2010, the firm of Orson, Dorr, and Killough decided to liquidate their partnership. The partners have capital balances of $48,000, $63,000, and $11,000, respectively. The cash balance is $9,000, the book values of noncash assets total $155,000, and liabilities total $42,000. The partners share income and losses in the ratio of 2:2:1.