5. The LN Partnership has decided to liquidate as of October 1, 2020. on that date follows: A balance sheet IN Partnership Balance Sheet October 1, 2020 Assets Cash Accounts Receivable Inventory Property. Plant & Equipment Total Assets $ 25.000 75,000 100,000 300,000 $500.000 $270.000 Liabilities & Capital Liabilities Accounts Payable Capital Lawrence, Capital Miller, Capital Newton, Capital Total Capital Total Linbilities Capital 230.000 500.000 Each partner' personal assets (excluding partnership capital interests) and personal liabilities as of October 1, 2020, follow: Personal Assets Personal Liabilities Personal Net Worth Lawrence $250,000 (R30,000) $ 20,000 Miller $300,000 (240.000 $ 60.000 Neuton $350,000 825.000 $ 15000 Lawrence, Miller & Newton share profits & losses in the ratio 30:40:10. Le sold all noncash assets on October 11, 2020, for $260,000 of Prepare a statement of realization and liquidation for the LAN Partnership October 11, 2020