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: The partners plan a program of plecemeal conversion of the partnership's assets to minimize liquidation losses. All avallable 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: March Received $147,000 on the sale of all machinery and equipment. paid $6,000 in final liquidation expenses. Betained no cash in the business. Prepare proposed schedule of liquidation to determine the safe parments made to the partners at the enid of March. (Amiounts to be deducter should be entered with a minus sign.)