A partnership has the following account balances at the date of termination: Cash, $104,000; Noncash Assets, $780,000; Liabilities, $432,000; Bell, capital (50 percent of profits and losses). $210,000; Mann, capital (30 percent). $150,000; Scott, capital ( 20 percent), $92,000. The following transactions occur during liquidation: - Noncash assets with a book value of $620,000 are sold for $520,000 in cash. - A creditor reduces his claim against the partnership from $150,000 to $130,000, and this amount is paid in cash. - The remaining noncash assets are sold for $130,000 in cash. - The remaining liabilities of $282,000 are paid in full. - Liquidation expenses of $26,000 are paid in cash. - Cash remaining after the above transactions have occurred is distributed to the partners. Prepare a statement of partnership liquidation to determine how much cash each partner recelves from the liquidation of the partnership. (Amounts to be deducted should be entered with a minus sign.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ BELL, MANN, AND SCOTT PARTNERSHIP } \\ \hline \multicolumn{7}{|c|}{ Statement of Partnership Liquidation } \\ \hline & Cash & \begin{tabular}{l} Noncash \\ Assets \end{tabular} & Liabilities & \begin{tabular}{l} Bell, Capital \\ (50%) \end{tabular} & \begin{tabular}{l} Mann, Capital \\ (30%) \end{tabular} & \begin{tabular}{c} Scott, Capital \\ (20%) \end{tabular} \\ \hline \multicolumn{7}{|l|}{ Beginning balances } \\ \hline \multicolumn{7}{|l|}{ Sale of noncash assets } \\ \hline Pay Labilities & & & & & & \\ \hline \multicolumn{7}{|c|}{ Sale of remaining noncash assets } \\ \hline \multicolumn{7}{|l|}{ Pay romaining liabilities } \\ \hline Pay liquidation expenses & & & & & 3 & \\ \hline \multicolumn{7}{|l|}{ Subtotal } \\ \hline \multicolumn{7}{|l|}{ Distribution to partners } \\ \hline Ending balances & & & & & & \\ \hline \end{tabular}