Appalachian Company at December 31 has cash $40,000, noncash assets $200,000, liabilities $110,000, and the following capital balances: Hoffman $90,000 and Mena $40,000. The firm is liquidated, and $220,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively . (If an amount reduces the account balance then enter with a negative sign preceding the number eg.-15,000 or parentheses eg. (15,000)) Prepare a schedule of cash payments. APPALACHIAN COMPANY Schedule of Cash Payments Noncash Assets Liat Balance before liquidation $ Sale of noncash assets and allocation of losses New balances Pay liabilities Item Cash $ New balances Cash distribution Final balances $ $ $ Current Attempt in Progress In BigEasy Co.capital balances are Adrienne $60,000 and Dino $75,000. The partners share income equally, Javier is admitted to the firm with a 40% interest by an investment of cash of $85,000, Journalize the admission of Javier. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit