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Need answers only plz he CDG/Carlos, Dan, and Gail/Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows:
Need answers only plz
he CDG/Carlos, Dan, and Gail/Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole doliar. Prepare a schedule of the net worth of each of the three partners as of December 10,206, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities. Note: Round your answers to the nearest whole doliar. Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20x6, follow: 2. Carios, Dan, and Gail share profits and losses in the ratio 20:40:40. 3. CDG sold all noncash assets on December 10,206, for $269,600. Required: a. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 206. b. Prepare a schedule of the net worth of each of the three partners as of December 10,20X6, after the partnership liquidation is completed assuming that no other events occurred in the 10-day period that changed any of the partners' personal assets and personal liabilities Step by Step Solution
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