Lui, Montavo, and Johnson plan to liquidate their Premium Pool and Spa business. They have always shared profit and losses in a 1:4:5 ratio, and on the day of the liquidation their balance sheet appeared as follows:

Premium Pool and Spa Balance Sheet June 30, 2023
Assets
Cash				$	85,250
Machinery	$	628,750
Less: Accumulated depreciation		157,000			471,750
Total assets				$	557,000
Liabilities
Accounts payable				$	161,300
Equity
Jim Lui	$	78,300
Kent Montavo, capital		202,900
Dave Johnson, capital		114,500
Total equity					395,700
Total liabilities and equity				$	557,000

d. The machinery is sold for $227,000, and the partners have no assets other than those invested in the business. (Negative answers should be indicated by a minus sign.)

. The machinery is sold for $221,000, and the partners have no assets other than those invested in the business. (Negative ar hould be indicated by a minus sign.)