Fred and George have been in partnership for many years. The partners, who share profits and losses on a 60:40 basis, respectively, wish to retire and have agreed to liquidate the business. Liquidation expenses are estimated to be $10,000. At the date the partnership ceases operations, the balance sheet is as follows:

Cash	$	100,000	Liabilities	$	80,000
Noncash assets		200,000	Fred, capital		100,000
			George, capital		120,000
Total assets	$	300,000	Total liabilities and capital	$	300,000

Prepare a final statement of partnership liquidation.(Enter all account balances (including updated balances) as positive amounts. Enter deductions and negative balances with a minus sign.)