32. The following condensed balance sheet is presented for the partnership of Alfa and Beda, who share profits and losses in the ratio of 60:40, respectively Cash Other Assets Beda, loan Total Assets $ 45,000 625,000 30,000 $700,000 Accounts Payable Alfa, Capital Beda, Capital Total Liability + Partners Capital $120,000 348,000 232,000 $700,000 2 Instead of admitting a new partner, Alfa and Beda decide to liquidate the partnership. Other assets are sold for $500,000, what amount of the available cash should be distributed to the partners? Prepare the statement of liquidation to show distribution of cash. + Partners' Capital Liabilities Accounts Cash Other Assets Beda Loan Payable Assets Alfa Beda 45,000 625,000 120,000 348,000 232000 30,000 Balances Sale of other assets Payment of Liability Beda Loan Balances Distribution of Cash Balances