On January 1, the partners of Van, Bakel, and Cox (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:

	Debit		Credit
Cash	$	35,000
Accounts receivable		100,000
Inventory		86,000
Machinery and equipment, net		223,000
Van, loan		64,000
Accounts payable			$	91,000
Bakel, loan				54,000
Van, capital				165,000
Bakel, capital				107,000
Cox, capital				91,000
Totals	$	508,000	$	508,000

The partners plan a program of piecemeal conversion of the partnerships 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	Collected $68,000 of the accounts receivable; the balance is deemed uncollectible.
	Received $55,000 for the entire inventory.
	Paid $3,000 in liquidation expenses.
	Paid $87,000 to the outside creditors after offsetting a $4,000 credit memorandum received by the partnership on January 11.
	Retained $27,000 cash in the business at the end of January to cover liquidation expenses. The remainder is distributed to the partners.
February	Paid $4,000 in liquidation expenses.
	Retained $15,000 cash in the business at the end of the month to cover additional liquidation expenses.
March	Received $163,000 on the sale of all machinery and equipment.
	Paid $6,000 in final liquidation expenses.
	Retained no cash in the business.

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.