5 On July 1, 2020 the partnership of John, Paul and George is liquidatng. The partners share income and losses in the ratio of 2:1:2. Their financials include the following: cash $42,000, non cash assets are $107,000 and liabilities total $18,000. The partners capital balances are $61,000,$56,000, and $14,000 respectively. The non cash assets were sold for $63,000. The liabilities are paid. If any partner ends with a debit balances they must pay the amount owed to the partnerhsip. The remianing cash is distrubuted to the partners. Required -- prepare a liquidation schedule. 5 On July 1, 2020 the partnership of John, Paul and George is liquidatng. The partners share income and losses in the ratio of 2:1:2. Their financials include the following: cash $42,000, non cash assets are $107,000 and liabilities total $18,000. The partners capital balances are $61,000,$56,000, and $14,000 respectively. The non cash assets were sold for $63,000. The liabilities are paid. If any partner ends with a debit balances they must pay the amount owed to the partnerhsip. The remianing cash is distrubuted to the partners. Required -- prepare a liquidation schedule