Dissolution of Partnership Assume that on 12/31/18, the partnership is dissolved. On that date, after closing the books, the following information is available: Cash Loan to Jane (Notes Receivable) Other assets (PP&E) Liabilities Capital, John Capital, Jane Capital, Tom $160,000 $50,000 $700,000 $110,000 $200,000 $400,000 $200,000 Other information necessary for the liquidation is as follows: During the month of January 2019, assets with a book value of $180,000 were sold for $210,000. Other fixed assets turned out to have no value as of January 31, 2019. Prepare a schedule of safe payments as of January 31, 2019. Partnership of John, Jane, and Tom Schedule of Safe Payments January 31, 2019 Cash PP&E Liabilities | Notes Receivable $50.000 Capital John $200,000 Capital Jane $400,000 Capital Tom $200,000 $160.000 $700.000 $110.000 Balances before dissolution Partner loans Sale of assets. January Payment of liabilities Loss on other assets Safe payment to partners