Oriole Company at December 31 has cash $23,100, noncash assets $101,000, liabilities $50,400, and the following capital balances: Floyd $46,800 and DeWitt $26,900. The firm is liquidated, and $112,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances ORIOLE COMPANY Schedule of Cash Payments Cash Noncash Assets $23,100 $101,000 112000 101000 135100 -50400 0 84700 0 Liabi Prepare a streuuie un cast payments. 1 un univurit reduces the account Duince then enter witru regulve sign preceding the m -15,000 or parenthesis e.g. (15,000).) Item Balances before liquidation Sale of noncash assets and allocation of gain New balances Pay liabilities New balances Cash $23,100 112000 135100 -50400 ORIOLE COMPANY Schedule of Cash Payme Noncash Assets $101,000 101000 0 84700 0 Cash distribution to partners -84700. Final balances 0 0 ORIOLE COMPANY Schedule of Cash Payments Noncash Assets $101,000 101000 Liabilities Floyd, Capital $50,400 $46,800 6600 DeWitt, Capital $26,900 6600 0 50400 53400 33500 i 50400 0 eTextbook and Media i 0 53400 33500 53400 0 33500 0