On January 1, 2021, the partners of Mikell, Kristopher and Joshua (who shared profits and losses in the ratio of 3:5:2, respectively) decided to liquidate their partnership. The trial balance at this date was as follows: The partners planned a program of piecemeal conversion of the business assets to minimize liquidation losses. All available, cash, less an amount retained to provide for future expenses, was to be distributed to the partners at the end of each month. A summary of liquidation transactions follows for January: January - $65,400 was collected on the accounts receivable; the balance was deemed to be uncollectible. - $55,200 was received for the entire inventory. - \$3,200 in liquidation expenses were paid. - All of the liabilities were paid off. - Cash of $8,000 was retained at the end of the month to cover unrecorded liabilities and anticipated expenses. The balance of cash was distributed to the partners. Required Prepare a schedule to calculate the safe installment payments to be made to the partners at the end of January