16-4 April 29, 2019 at 5:52 PM The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: CDG PARTNERSHIP Balance Sheet At December 1, 20x6 Assets Cash Accounts Receivable (net) Inventories Property, Plant and Equipment (net) Total Assets Liabilities and Capital Liabilities: 31,000 87,000 112,000 324,000 $554,000 Accounts Payable $288,000 Capital: Carlos, Capital Dan, Capital Gail, Capital $132,000 62,000 72,000 266,000 $554,000 Total Capital Total Liabilities and Capital Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20X6, follow: Carlos Gail 362,000 Dan Personal assets 262,000 $312,000 Personal liabilities (236,000 (234,000) (339.100) $ 26,000 78,000 22,900 Personal net worth 2. Carlos, Dan, and Gail share profits and losses in the ratio 20:40:40 3. CDG sold all noncash assets on December 10, 20X6, for $270,500 Required: a. Prepare a statement of realization and liquidation for the CDG Partnership orn December 10, 20X6. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) b. Prepare a schedule of the net worth of each of the three partners as of December 10, 2006, after the liquidation of the partnership is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities. (Round your answers to the nearest whole dollar.)