At December 31, Wildhorse Company has cash of $29,200, equipment of $142,000, accumulated depreciation of $38,900, accounts payable of $54,410, and the following partners' capital balances: H. Bayer $60,000 and J. Leech $17,890. The partnership is liquidated on December 31 of the current year and $123,000 cash is received for the equipment. Bayer and Leech share profits and losses equally.