On January 1, 20X1, partners Art, Bru, and Chou, who share profits and losses in the ratio of 6:3:1, respectively, decide to liquidate their partnership. The partnership trial balance at this date follows:

	Debit				Credit
Cash		$	20,400
Accounts Receivable			72,000
Inventory			58,000
Machinery and Equipment (net)			195,000
Accounts Payable						$	55,400
Art, Capital							94,000
Bru, Capital							116,000
Chou, Capital							80,000
Total		$	345,400			$	345,400

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 $55,800 on accounts receivable; the balance is uncollectible.
2. Received $41,600 for the entire inventory.
3. Paid $3,200 liquidation expenses.
4. Paid $51,600 to creditors, after offset of a $3,800 credit memorandum received on January 11, 20X1.
5. Retained $12,400 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

February 20X1

6. Paid $5,200 liquidation expenses.
7. Retained $7,200 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

March 20X1

8. Received $151,200 on sale of all items of machinery and equipment.
9. Paid $6,200 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.)