Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate, the balance sheet is as follows:

Assets	Liabilities and Capital
Cash	$ 49,000	Liabilities	$ 45,500
Adams, Loan	11,800	Adams, Capital	64,900
Other Assets	218,000	Peters, Capital	88,500
		Blake, Capital	79,900
Total Assets	$ 278,800	Total Liabilities and Equities	$ 278,800

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 $89,500 were sold for $68,000, and $22,500 of the liabilities were paid.
2. During the second month, the remaining noncash assets were sold for $78,000. 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.