b. All of the noncash assets are sold for $60,000 in cash, the creditors are paid, the partner with the debit capital balance pays the amount owed to the firm, and the remaining cash is distributed to the partners. 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". Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Receipt of deficiency. Balances Cash distributed to partners Final balances Statement of Partnership Liquidation For Period August 3-29 Cash Noncash Assets Liabilities: +Capital Chapelle (2/5) + Capital Rock (2/5)