After the balance sheets of the accounts have been closed on April 10 2018, before the company's liquidation, John's capital accounts, Tommy and Felo are: $56,800, $12,400 and $35,600 respectively. The total assets which include cash and non-cash totals $18,900 and $142,400 respectively. The Total due to creditors is $56,500. The partners divide income and losses into a ratio of 2:1:1. On April 20, the non-cash assets are sold by $80,000.

Instructions: Prepare a liquidation statement for the members.

	Cash	Non cash Assets	Liabilities	-------------	--------------------	------------------------
Balance before realization
Sale of assets and division of loss
Balance after realization
Payment of liabilities
Balance after payment of liabilities
Receipt of deficiency
Balances
Cash Distributed to partners
Final Balances	0	0	0	0	0	0