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answer all questions in the box Required information QS 1213 (Algo) Liquidation of partnership LO P5 [The following information applies to the questions displayed bolow]

answer all questions in the box
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Required information QS 1213 (Algo) Liquidation of partnership LO P5 [The following information applies to the questions displayed bolow] The Field, Brown \& Snow are parthers and share income and losses equality. The partner decide to liquidate the parthership when their capital balances are as follows; Field, \$131,800; Brown, \$167100; and Snow, \$153,100. On May 31, the liquidation resulted in a loss of $407,400. QS 1213 (Algo) Part 1 1. Compute the capital account balance of each partner after the loss from liquidation is allocated. Note: Losses and negative capital balances, if any, should be entered with a minus sign

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