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Exercise 16-3 The unsuccessful partnership of the Jones Brothers is about to undergo liquidation. They have asked you to estimate the amount of cash that each brother will receive. They share profits and losses equally. Cash $24,000 Liabilities $22,000 Noncash Assets 104,000 Doug, Capital 59,000 Dave, Capital 55,000 Dan, Capital (8,000) $128,000 $128,000 Both Doug and Dave are personally solvent, but Dan is not. They estimate that they will receive $56,000 from the sale of the noncash assets. Prepare a schedule to estimate the amount of cash each brother will receive. (Enter credit balance of an account and credit posting to an account with negative sign preceding the number, e.g.-45 or parentheses, e.g. (45).) (1/3) Doug (1/3) Dave (1/3) Dan $ Allocate Debit Balance Capital Balances Estimated Cash Payment Estimated Loss on Sale of Assets