29. On January 1, the partners of Van, Bakel, and Cox (who share profits and losses in the ratio of 5:3:2, respectively) decide to liquidate their partnership. The trial balance at this date follows: Credit Debit $ 28,000 86,000 72,000 209,000 50,000 Cash Accounts receivable. Inventory. Machinery and equipment, net. Van, loan... Accounts payable Bakel, loan Van, capital Bakel, capital Cox, capital. Totals. $ 93,000 40,000 128,000 100,000 84,000 $445,000 $445,000 The partners plan a program of piecemeal conversion of the partnership's assets to minimize liqui- dation losses. All available cash, less an amount retained to provide for future expenses, is to be dis- tributed to the partners at the end of each month. A summary of the liquidation transactions follows: January Collected $51,000 of the accounts receivable; the balance is deemed uncollectible. Received $48,000 for the entire inventory. Paid $4,000 in liquidation expenses. (continued) (continued) Paid $88,000 to the outside creditors after offsetting a $5,000 credit memoran- dum received by the partnership on January 11. Retained $20,000 cash in the business at the end of January to cover any unrecorded liabilities and anticipated expenses. The remainder is distributed to the partners February Paid $5,000 in liquidation expenses. Retained $8,000 cash in the business at the end of the month to cover unrecorded liabilities and anticipated expenses. March Received $156,000 on the sale of all machinery and equipment Paid $7,000 in final liquidation expenses. Retained no cash in the business. Prepare a schedule to compute the safe installment payments made to the partners at the end of each of these three months