4. The partnership of Xavier, Yarnell and Zablicki have decided to liquidate their partnership. At the time, the partners share income and loss in the ratio of 2:2:6. No partner can make any payments into the partnership. The partnership sold the noncash assets for $20,000. A. Complete the liquidation schedule below The MDS partnership has decided to liquidate. At the time, the profit and loss ratios for Murphy, Donnelly and Sullivan were 1:1:3. The balance chest ic hol c.. C. Using the loss absorption potential system, determine how the partners will share in the distribution of cash D. Prepare an advance nlan fne the dint.wi...c:- of 4. The partnership of Xavier, Yarnell and Zablicki have decided to liquidate their partnership. At the time, the partners share income and loss in the ratio of 2:2:6. No partner can make any payments into the partnership. The partnership sold the noncash assets for $20,000. A. Complete the liquidation schedule below The MDS partnership has decided to liquidate. At the time, the profit and loss ratios for Murphy, Donnelly and Sullivan were 1:1:3. The balance chest ic hol c.. C. Using the loss absorption potential system, determine how the partners will share in the distribution of cash D. Prepare an advance nlan fne the dint.wi...c:- of