Indigo Company at December 31 has cash $43,500, noncash assets $206,000, liabilities $118,000, and the following capital balances: Hoffman $94,000 and Mena $37,500. The firm is liquidated, and $231,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively. (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).) Prepare a schedule of cash payments.

Indigo Company at December 31 has cash $43,500, noncash assets $206,000, liabilities $118,000, and the following capital balances: Hoffman $94,000 and Mena $37,500. The firm is liquidated, and $231,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively, (If an amount reduces the account balonce then enter with a negotive sign preceding the number es.15,000 or parentheses s.g.(15,000)) Prepare a schedule of cash payments