Following the liquidation of all noncash assets, the partnership of Redmond, Ledbetter, Watson, and Sandridge has the following account balances: Liabilities $ 39,000 Redmond, loan 16,000 Redmond, capital (20%) (43,000) Ledbetter, capital (10%) (41,000) Watson, capital (30%) 7,000 Sandridge, capital (40%) 26,000 Redmond is personally insolvent. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts and amounts to be deducted should be indicated with a minus sign.) Redmond, Loan and Capital Ledbetter, Capital Watson, Capital Sandridge, Capital Beginning balances $ $ $ $ Allocation of Redmond's deficit balance Capital balances $ $ $ $ Contribution by Ledbetter and Watson Final distribution $ $ $ $