6 00 cBook Show Me How Statement of Patnership Liquidation After doing the accounts on July 1. prior to liquidating the partnership, the capital account balances of Gold Porter, and Sims are $26,700, 538,100, and 516,800, respectively Cash, poncash assets, and liabities total 543,200, 570,500, and $32,100, respectively. Between July 1 and July 29, the noncash assets are old for $56,100, the sites are paid, and the remaining the distributed to the partners. The partners share net income and loss in the ratio of 5:2: Prepare a statement of partnership liquidation for the period July 1 29. Enter any subtractions (balance deficiencies, payments, Cath distributions, divisions of loss, te of assets) negative numbers using a minus sign. If an amount is zero, enter in Gold, Porter, and Sims Statement of Partnership Liquidation For the Period Ending July 1 29 Cash Noncash Assets = Liabilities + Capital Gold (3/6) Capital Porter (9/6) Capital Sims (1/6) Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances