Liquidation schedule-positive capital accounts The ABC partnership reports the following condensed balance sheet: Cash $162.500 Liabilities $200,000 Noncash assets 318,750 Partner A, capital 112,500 Partner B, capital 112,500 Partner C, capital 56,250 Total assets $481,250 Total liabilities and partner capital $481,250 The partners wish to liquidate the partnership. The noncash assets are sold for $250,000 with the loss distributed to the partners in the ratio of 30%/30%/40% to partner A, B, and C, respectively. The liabilities are paid in full. Prepare a schedule detailing the liquidation of the assets, repayment of the liabilities, and distribution of the remaining cash to the partners. HINT: Use a negative sign with answers that reduce account balances. Round answers to the nearest whole number, if needed. Liquidation Schedule of ABC Partnership -----Capital Accounts--- Cash Noncash Assets Liabilities . Capital account, prior to liquidation $ Sale of noncash assets Payment of creditors Distribution to partners Post-liquidation balances