After closing the accounts on July $1,$ prior to liquidating the partnership, the capital account balances of Silver, Carillo, and Tingley are $$39,900,$ $$56,400,$ and $$25,200,$ respectively, Cash, noncash assets, and liabilities total $$58,800,$$$104,700,$ and $$42,000,$ respectively. Between July $1$ and July $29,$ the noncash assets are sold for $$83,700,$ the liabilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of $3$:$2$:$1.$

Prepare a statement of partnership liquidation for the period July $1-29.$ Enter any subtractions $($balance deficiencies, payments, cash distributions, divisions of loss, sale of assets$)$ as negative numbers using a minus sign. If an amount is zero, enter in $"0".$

Silver, Carillo, and Tingley

Statement of Partnership Liquidation

For the Period Ending July $1-29$

Balances before realization

Sale of assets and division of loss

Balances after realization

Payment of liabilities

Balances after payment of liabilities $$S,$ Noncash Assets $=$ Liabilities $+$ Silver $(3/6)+$ Carillo $(2/6)+$ Tingley $(1/6)$

Cash distributed to partners

Final balances

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