On January 1. 20X1, partners Art, Bru, and Chou, who share profits and losses in the ratio of 6:2:2, respectively, decide to liquidate their partnership. The partnership trial balance at this date follows: The partners plan a program of piecemeal conversion of assets to minimize fiquidation 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 201 1. Collected $51,800 on accounts receivable; the bafance is uncoliectible. 2. Received $38,600 for the entire inventory. 3. Paid $2,200 liquidation expenses. 4. Paid $50,200 to creditors, after offset of a $3,200 credit memorandum received on January 11, 20X1. 5. Retained $10,400 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses. February 201 6. Paid $4,200 liquidation expenses. 7. Retained $6,200 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses. March 20X1 8. Received $146,800 on sale of all items of machinery and equipment. 9. Paid \$5,200 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.)