On January 1, 20X1, partners Art, Bru, and Chou, who share profits and losses in the ratio of 4:3:3, respectively, decide to liquidate their partnership. The partnership trial balance at this date follows:

	Debit				Credit
Cash		$	19,600
Accounts Receivable			70,000
Inventory			56,000
Machinery and Equipment (net)			193,000
Accounts Payable						$	54,600
Art, Capital							92,000
Bru, Capital							114,000
Chou, Capital							78,000
Total		$	338,600			$	338,600

The partners plan a program of piecemeal conversion of assets to minimize liquidation losses. All available cash, less an amount retained to provide for future expenses, is to be distributed to the partners at the end of each month. A summary of the liquidation transactions follows: January 20X1

1. Collected $54,200 on accounts receivable; the balance is uncollectible.
2. Received $40,400 for the entire inventory.
3. Paid $2,800 liquidation expenses.
4. Paid $51,900 to creditors, after offset of a $2,700 credit memorandum received on January 11, 20X1.
5. Retained $11,600 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

February 20X1

6. Paid $4,800 liquidation expenses.
7. Retained $6,800 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

March 20X1

8. Received $149,200 on sale of all items of machinery and equipment.
9. Paid $5,800 liquidation expenses.
10. Retained no cash in the business.

Required: Prepare a statement of partnership liquidation for the partnership with schedules of safe payments to partners. (Round your answers to nearest whole dollar.)