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: Credit S Debit 41,000 112,000 98,000 235,000 76,000 Lash Accounts receivable Inventory Machinery and equipment, net Van, loan Accounts payable Bakel loan Van, capital Bakel, capital COX, capital Totals $ 97Bee 66 gee 189,000 213,000 97800 $ 55,000 3562,68 The partners plan a program of plecemeal conversion of the partnership's assets to minimize Iquidation losses. Al 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 $74,000 of the accounts receivable; the balance is deemed uncollectable. Received $61, eee for the entire inventory. Paid $9,888 in liquidation expenses. Paid $89.Bee to the outside crediters after offsetting a $8,000 credit memorandum received by the partnership on January 11. Retained $33,888 cash in the business at the end of January to cover liquidation expenses. The remainder is distributed to the partners February Paid $12,08 in liquidation expenses. Retained 521 28 cash in the business at the end of the month to coven additional liquidation expenses. March Received $169, ees on the sale of all machinery and equipment. Paid $12 edo 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. Complete this question by entering your answers in the tabs below. January February March