30%	30%	40%
				Partners' Capital Accounts
Debit (Credit)	Cash	Noncash Assets	Liabilities	A	B	C
Balance prior to liquidation	200,000	600,000	300,000	125,000	125,000	250,000
Sale of noncash assets
	200,000	600,000	300,000	125,000	125,000	250,000
Payment of creditors				-	-	-
	200,000	600,000	300,000	125,000	125,000	250,000
Distribution to partners	-	-	-	-	-	-
Post-liquidation balances	200,000	600,000	300,000	125,000	125,000	250,000

L05 32. Liquidation schedule positive capital accounts The ABC Partnership reports the following condensed balance sheet: Cash. Noncash assets $200,000 600,000 Liabilities. .. ................... $300,000 Partner A, capital 125,000 Partner B, capital . 125,000 Partner C, capital .. 250,000 Total liabilities and partner capital $800,000 Total assets. $800,000 The partners wish to liquidate the partnership. The noncash assets are sold for $450,000 with the loss distributed to the partners in the ratio of 30%/30%/40% to partner A, B, and C, respectively. The li- abilities are paid in full. Prepare a schedule detailing the liquidation of the assets, repayment of the liabilities, and distribution of the remaining cash to the partners