Exercise 187 The HK Partnership is liquidated when the ledger shows: Cash $60,000 90,000 44.000 Noncash Assets Liabilities Howell, Capital Kenton, Capital 100,000 6,000 Henson and Kaenzig income ratios are 3:2, respectively. Prepare a schedule of cash payments, assuming that the noncash assets were sold for $65,000. Assume that any partner's capital deficiencies cannot be paid to the partnership. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).) HK Partnership Schedule of Cash Payments Cash + Noncash Assets = Item Liabilities + Henson, Capital + Kaenzig, Capital Balances before liquidation $ $ $ Sale of noncash assets and allocation of losses New balances Pay liabilities New balances Allocate capital deficiency New balances Cash Distribution Final balances Click if you would like to Show Work for this question: Open Show Work