Adams, Peters, and Blake share profits and losses for thelr APB Partnership in a ratlo of $2$:$3$:$5.$ When they decide to liquidate, the

balance sheet is as follows:

Liquidation expenses are expected to be negligible. No Interest accrues on loans with parthers after termination of the business.

During the liquidation process for the APB Partnershlp, the following events occurred:

During the first month of liquidation, noncash assets with a book value of $$92,500$ were sold for $$71,000,$ and $$25,500$ of the

llabilitles were paid.

During the second month, the remaining noncash assets were sold for $$77,200.$ The loan recelvable from Adams was collected, and

the rest of the creditors were pald.

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.