After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Silver, Carillo, and Tingley are $42,000, $59,700, and $26,700, respectively. Cash, noncash assets, and liabilities total $68,400, $110,700, and $50,700, respectively. Between July 1 and July 29, the noncash assets are sold for $88,500, 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 "O". Silver, Carillo, and Tingley Statement of Partnership Liquidation For the Period Ending July 1-29 Cash + Noncash Assets = Liabilities + Silver (3/6) + Carillo (2/6) + Tingley (1/6) Balances before realization $ $ $ $ $ Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities $ $ $ $ Cash distributed to partners Final balances