I he tollowing condensed balance sheet is tor the partnership of Hardwick, Saunders, and rerris, who share prot$$ts and losses in the

ratio of $4$:$3$:$3,$ respectively:

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $$125,000.$ Prepare a proposed schedule

of liquidation at this point in time. $($Amounts to be deducted should be entered with a minus sign.$)$