Chapter 10 - HW Help Save & Ent Submit Check my work 07 5 The following balance sheet is for a partnership in which the partners have decided to terminate operations and liquidate assets. The partners estimate liquidation expenses will be $16,000 10 po Casa No cash assets $120,000 250.00 abilities Arch, Capital Bibo, capital 1204) Dao, Capital (404 Total liabilities and capital 5 69,00 120,000 60,000 110.000 $ 370,000 Total assets 5 370.000 Prepare a proposed schedule of liquidation to carry out a preliminary distribution of partnership assets at the date of termination, (Amounts to be deducted should be entered with a minus sign) Pit ARCH, BIOS, AND DAO PARTNERSHIP Proposed schedule of quidation Date of Termination Noncash Cash Arch, Capital Bibb, Capital Assets 20 Dao, Capital 40 Begiring blocos Pays Max. liquidation expens Mooncash assets Initiate payments