12 POINTS MNO partnership is in the process of liquidation. The account balances prior to liquidation are given below. The agreed upon profit/loss ratio is 50:40:10, respectively. Cash Noncash Assets Total Assets Liabilities and Capital $15,000 Liabilities 90,000 M. Capital N. Capital O, Capital $105.000 Total Equities $ 15,000 45,000 30,000 15,000 $105,000 The noncash assets are sold for $60,000 and the creditors are paid. REQUIRED: Prepare a liquidation schedule showing the calculations for the distribution of cash under the Uniform Partnership Act. assuming that M & N are personally solvent and O is personally insolvent.