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	$	18,800
Accounts Receivable		68,000
Inventory		54,000
Machinery and Equipment (net)		191,000
Accounts Payable			$	53,800
Art, Capital				90,000
Bru, Capital				112,000
Chou, Capital				76,000
Total	$	331,800	$	331,800

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 $52,600 on accounts receivable; the balance is uncollectible.
2.	Received $39,200 for the entire inventory.
3.	Paid $2,400 liquidation expenses.
4.	Paid $51,400 to creditors, after offset of a $2,400 credit memorandum received on January 11, 20X1.
5.	Retained $10,800 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

February 20X1

6.	Paid $4,400 liquidation expenses.
7.	Retained $6,400 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.

March 20X1

8.	Received $147,600 on sale of all items of machinery and equipment.
9.	Paid $5,400 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.)

A. ABC Partnership Statement of Parnership Realization and Liquidation

B. ABC Partnership Schedule of Safe Payments to Parnerts