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Illustration 73 East, South and North are in partnership sharing profits and losses in the ratio 3:2:1 respectively. They decide to dissolve the business on 31st July, 2013 on which date their Balance Sheet was as follows: Liabilities Amount Assets Amount Capital Accounts: Land and Buildings 30,810 East 38,700 Motor car 5,160 South 10,680 Investment 1,080 North 11,100 Stock 19.530 Loan account: North 3,000 Debtors 11,280 Creditors 10.320 Cash 5,940 73,800 73,800 The assets were realised piecemeal as follows and it was agreed that cash should be distributed as and when realised: 14th August 10,380 20th September 27.900 16th October 3.600 North took over investment as follows at a value of:- 15th November 1.260 18th November 19,200 Dissolution expenses were originally provided for an estimated amount of 2,700, but actual amount spent on 25th October was ? 1.920. The creditors were settled for ? 10,080. Required : Prepare a statement showing distribution of cash amongst the partners, according to Proportionate Capital Method. 070