Instructions Prepare a classified balance sheet for the partnership after the partners' investments on December 31, 2020. Prepare cash pay. E12.8 (LO3) Sedgwick Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Floyd S45,000 and DeWitt $20,000. The firm is liquidated, and $105,000 in cash is received for the noncash assets. Floyd and De Witt income ratios are 60% and 40%, respectively. Instructions Prepare a schedule of cash payments