5 The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:33, respectively. 8.33 points Cash Other assets Hardwick, loan $ 89,880 795,880 48,888 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $144,888 5e,eee 348, eee 288,eee 199, eee $924.ee eBook Total assets $924,00 Print Reference: The partners decide to liquidate the partnership. Fifty percent of the other assets are sold for $225.000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) HARDWICK, SAUNDERS, AND FERRIS Proposed Schedule of Liquidation Other Cash Accounts Hardwick, Loan and Saunders, Ferris, Loan Assets Payable Capital Capital & Capital Beginning balances Sold assets Adjusted balances $ os 01$ 0 $ 0 s 0 $ 0 Max loss on remaining noncash assets Paid liabilities Safe payments $ 01 S 0 $ 0 S 01 S 0 $ 0