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's creditors have filed a $$27,000$ claim against the partnership's assets. The partnership currently holds assets of $$360,000$ and

liabilities of $$133,000.$ An independent appraiser indicates that the assets can be sold for $$220,000.$

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.