4 Your answer is partially correct. Sedgwick Company at December 31 has cash $22,200, noncash assets $103,000, liabilities $54,500, and the following capital balances: Floyd $46,900 and DeWitt $23,800. The firm is liquidated, and $118,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g.-15,000 or parenthesis e.g. (15,000).) SEDGWICK COMPANY Schedule of Cash Payments = Liabilities Cash + Noncash Assets + Floyd, Capital + DeWitt, Capital $22,200 $103, $103,000 $54,500 $46,900 $23,800 118,000 -103,000 140,200 54,500 -54,500 -54,500 85,700 -85,700 A