Partners Alice and Betty have decided to liquidate their business. The ledger shows the following account balances:

Cash	$ 20,000		Accounts Payable	$70,000
Inventory	380,000		A, Capital	190,000
			B, Capital	140,000
Total Assets	$400,000		Total Liability and Capital	$400,000

Alice and Betty share profits and losses in a 6:4 ratio. During the first month of liquidation, $180,000 is paid for 3/4 of inventory. $40,000 is paid to creditors. During the second month, the rest of the inventory was sold for $50,000, and the remaining accounts payable were paid. Cash was distributed at the end of each month, and the liquidation was completed at the end of the second month.

Required:

Prepare a statement of partnership realization and liquidation with a schedule of safe payments for the two-month liquidation period.