eBook Show Me How Calculator Statement of Partnership Liquidation After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $47,400, $67,200, and $30,000, respectively. Cash, noncash assets, and liablities total $74,100, $124,500, and $54,000, respectively. Between July 1 and July 29, the noncash assets are the liabilities are paid, and the remaining cash is distributed the to the partners. The partners share net income and loss in the ratio of 3:2:1. Prepare assets) as negative numbers using a minus sign. If an amount is zero, enter in "or a statement of partnership liquidation for the period July 1-29. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions Gold, Porter, and Sims Statement of Partnership Liquidation For the Perlod Ending July 1-29 Cash+ Noncash AssetsLiablitiesCapital Gold (3/6)+ Capital Porter (2/6)+ Capial Sins (3/6 Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances Previous