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Required information QS 12-9 Liquidation of partnership LO P5 The following information applies to the questions displayed below.) The Field, Brown & Snow partnership was begun with investments by the partners as follows: Field, $131,900; Brown, $165,600; and Snow, $153.400. The partners decide to liquidate, sharing all losses equally. On May 31, after all assets were sold and all creditors were paid, only $45.300 in partnership cash remained QS 12-9 Part 1 1. Compute the capital account balance of each partner after the liquidation of assets and payment of creditors. (Losses and negative capital balances. If any, should be entered with a minus sign.) Field $ 131,900 Brown $ 165,600 Initial investments Allocation of gains (es) Capital balances Snow Total 3 153.400 $ 450.900 0 5 450,000