A partnership is considering possible liquidation because one of the partners $($Bell$)$ is personally insolvent. Profits and losses are divided on a $4$:$3$:$2$:$1$ basis, respectively. Capital balances at the current time are

Bell, capital $ $50,000$

Hardy, capital $56,000$

Dennard, capital $14,000$

Suddath, capital $80,000$

Bell$$s creditors have filed a $$21,000$ claim against the partnership$$s assets. The partnership currently holds assets of $$300,000$ and liabilities of $$100,000.$ An independent appraiser indicates that the assets can be sold for $$190,000.$

Required:

Prepare a statement of partnership liquidation to determine the amount of cash that Bell would receive from the sale of partnership assets.

Note: Amounts to be deducted should be entered with a minus sign.