On January $1,$ the partners of Mori, Lux, and Khan $($who share profits and losses in the ratio of $5$:$3$:$2,$ respectively$)$ decide to terminate

operations and liquidate their partnership. The trial balance at this date follows:

The partners plan a program of piecemeal conversion of the partnership's 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:

Required:

Prepare proposed schedules of liquidation on January $31,$ February $28,$ and March $31$ to determine the safe payments made to the

partners at the end of each of these three months.

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Prepare proposed schedule of liquidation to determine the safe payments made to the partners at the end of January.

Note: Amounts to be deducted should be entered with a minus sign.