3 Question 3 of 9 View Fu Show mor Current Aftet in Prope ( > Carla Vista Company at December 31 hash $20.00 blancs Floyd $43.500 and Dew $26.00 The frimis and Des are 60% and 40% respectively Proff the theme with her -15.000 15.000 Coopers Textbook and M your dated 110.000 $53.500 and the 30.000 in carceived for the cash a 12000 110000 ww 08/1 CARLA VISTA COMPANY Scho Cant A $10.000 Adapts of Labe Show Attempt History Current Attempt in Progress Your awer is partially come Carta Vita Company at December 31 has cash $20.400 noncash assets $105.000, Rubties $53.500 and the following capital balances Floyd $45.500 and DeWist $26.800. The fiuidatod, and $110.000 in cash is received for the noncash nets Floyd and DeWitt income ratios are 60% and 40%, respectively dance then enter with negative sign pending the number Prepare a schedule of cash payments if anased reduce the 15.000 or penthe (15000) F CARLA VISTA COMPANY Schedule of Cash Payments Textbook $105,000 101000 Media Using terwyour Zidane $53,500 13500 2679) Capital 145.100 3000 400 0000 4000 De C Atempt 2 of 3d 126,600 2000 TAPA 0 2400 2000 Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110.000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash distribution to partners Final balances eTextbook and Media Cash $20,600 110000 130600 26750 77100 38550 0 CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets. $105,000 105000 0 0 0 0 O Liabilitie Your answer is partially correct. Carla Vista Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parenthesis e.g. (15,000)) CARLA VISTA COMPANY Schedule of Cash Payments Noncash Assets $105,000 105000 0 0 0 0 0 Liabilities $53,500 0 $3500 26750 0 0 0 Floyd, Capital $45,500 3000 48500 0 48500 48500 DeWitt, Capital $26,600 2000 28600 0 28600 28600 O