Part 3: Schedule of Safe Payments Carlos, Bradley, Dawson, and Ellen decided to liquidate their partnership. The ledger shows the following account balances: Cash Accounts Receivable Inventory Buildings and Equipment Accounts Payable Carlos Capital 30% Bradley Capital 25% Dawson Capital 20% Ellen Capital 25% 20,000 40,000 110,000 250,000 40,000 114,000 95,000 76,000 95,000 During the first month of liquidation, half of the inventory was sold for $60,000 and half of the receivables were collected. $30,000 of the Accounts Payable were paid. During the second month, three-fourths of the remaining inventory was sold for $35,250, and half of the remaining accounts receivable were collected. The remaining Accounts Payable was paid. During the second month, one fourth of the equipment was sold for $70,000. During the third month, the remaining inventory was sold for $5,750 and the remaining receivables were written off as a loss. The building and remaining equipment were sold for $180,000. Cash was distributed at the end of each month and the liquidation was completed at the end of the third month. Prepare a Statement of Partnership Realization and Liquidation with a Schedule of Safe Payments