82. 13 points After discontinuing the ordinary business operations and closing the accounts on May 7, the ledger of the partnership of Anna, Brian, and Cole indicated the following: $ 7,500 105,000 Cash Noncash Assets Liabilities Anna, Capital Brian, Capital Cole, Capital $ 27,500 45,000 15,000 25.000 $112,500 $112.500 The partners share net income and losses in the ratio of 3:2:1. Between May 7-30, the noncash assets were sold for $150,000, the liabilities were paid, and the remaining cash was distributed to the partners. (a) Prepare a statement of partnership liquidation. Statement of Partnership Liquidation For the Period May 7-30 Capital Brian Anna Cole + Noncash Assets 105,000 -105,000 Liabilities 27.500 Cash 7,500 +150,000 157,500 27,500 45,000 +22,500 67,500 15,000 +15,000 30,000 Balances before realization a. Sale of assets and division of gain Balances after realization b. Payment of liabilities Balances after payment of liabilities c. Receipt of deficiency Balances 25,000 +7,500 32,500 27,500 -27,500 130,000 0 67,500 30,000 32,500 -130,000 -67,500 -30,000 32,500 d. Cash distributed to partners Final balances 0 0