P14.15 Close Books and Prepare Cash Distribution Plan
	Arnold, Bell and Crane agree to liquidate their partnership as soon as possible.
	The partnership agreement calls for salaries of $50,000 and $70,000 for Arnold
	and Bell, respectively; any remaining profit or loss is divided in a 2:5:3 ratio. The
	preclosing trial balance for the partnership at July 31, 2020, the end of the firm's
	fiscal year is:
	Account			Debit		Credit
	Cash			$95,000
	Other Assets			$350,000
	Liabilities					$114,000
	Loan-Payable Crane					$36,000
	Capital- Arnold					$85,000
	Capital- Bell					$70,000
	Capital- Crane					$40,000
	Sales					$732,000
	Operating Expenses			$520,000
	Drawings- Arnold			$60,000
	Drawings- Bell			$27,000
	Drawings- Crane			$25,000
	Totals			$1,077,000		$1,077,000
	Required:
	a- Prepare a schedule showing the balances on the capital accounts prior to
	liquidation.
	b- Prepare a cash distribution plan for the liquidation.
	c- Compute the amount that must be realized from the other assets to
	liquidate the liabilities and drive all capital accounts to zero.