6 Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 2:35. When they decide to liquidate, the balance sheet is as follows: 10 Assets Liabilities and Capital points Cash $44,000 Adams, Loan Skipped Other Assets 10,800 208,000 Liabilities Adams, Capital $ 48,000 59,400 Peters, Capital 81,000 Blake, Capital 74,400 Total Assets $262,800 Total Liabilities and Equities $ 262,800 Check my eBook References Liquidation expenses are expected to be negligible. No interest accrues on loans with partners after termination of the business During the liquidation process for the APB Partnership, the following events occurred: 1. During the first month of liquidation, noncash assets with a book value of $87,000 were sold for $66,200, and $20,200 of the liabilities were paid. 2. During the second month, the remaining noncash assets were sold for $79,800. The loan receivable from Adams was collected, and the rest of the creditors were paid. 3. Cash is distributed to partners at the end of each month. Required: Prepare a statement of partnership realization and liquidation with a schedule of safe payments to partners for the liquidation period Please follow the practical guidelines when completing this worksheet.