After the accounts are closed on April 10, prior to liquidating the partnership, the capital accounts of Zach Fairchild, Austin Lowes, and Amber Howard are $40,700, $7,200, and $33,500, respectively. Cash and noncash assets total $10,400 and $81,800, respectively. Amounts owed to creditors total $10,800. The partners share income and losses in the ratio of 1:1:2. Between April 10 and April 30, the noncash assets are sold for $43,400, the partner with the capital deficiency pays the deficiency to the partnership, and the liabilities are paid. Required: 1. Prepare a statement of partnership liquidation, Indicating (a) the sale of assets and division of loss, (b) the payment of liabilities, (c) the receipt of the deficiency (from the appropriate partner), and (d) the distribution of cash. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If there is no amount or an amount is zero, enter "0", Fairchilic Lowes, and Howard Statement of Partnership Liquidation For the Pedod April 10-30 Capital Cash Balances before realization 10,400 81,800 Noncash Assets Liabilities 10,800 Fairchild (1/4)+ Lowes (1/4) + Howard (2/4) 40,700 7,200 33,500 Sale of assets and division of loss 43,400 81,800 9,100 9,100 18,200 Balances after realization 53,800 10,800 Payment of abilities 10,800 10,800 Balances after payment of liabilities 43,000 0 BEE Receipt of deficiency 2,300