3. Complete the Liquidation Schedule below for the following transactions. (12 Points) a) Sold half of the noncash assets for $50,000. b) Paid all liabilities. c) Sold remaining noncash assets for a $20,000 Gain. 2, d) Distributed cash to partners. ABC Partnership Statement of Realization and Liquidation Debit (Credit) Balances in US Dollars Cash Noncash Assets Liabilities 50% A. Capital 30% B. Capital 20% C. Capital Balances (50,000) 80,000 590 7 al 120,000 Coooo (80,000) 3.00 3000 (50,000) 30 o (20,000) 2007 0 21,000 IN 1. Define and discuss a partnership safe payments schedule. (10 Points)