Partners Maness and Joiner have decided to liquidate their business. The ledger shows the following account balances: Maness and Joiner share profits and losses in an 8:2 ratio. During the first month of liquidation, haif the inventory was sold for $40,000, and $10,000 of the occounts payable was paid. During the second month, the rest of the inventory was sold for $30,000, 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 parthership realization and fiquidation with a schedule of safe payments for the two-month liquidation period. \begin{tabular}{|l|l|l|l|l|l|} \hline & MANESS AND JOINER PARTNERSHIP \\ \hline & Combined Statement of Realization and Schedule of Safe Payments \\ \hline & Inventory & Accounts & Payable & Maness & Joiner \\ \hline Balances & & & & & \\ \hline Sale of inventory & & & & & \\ \hline Payment to creditors & & & & & \\ \hline & & & & & \\ \hline Payments to partners (Schedule 1) & & & & \\ \hline & & & & \\ \hline Sale of inventory & & & & \\ \hline Payment to creditors & & & & \\ \hline & & & & \\ \hline Payments to partners & & & & \\ \hline Balances & & & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ MANESS AND 3OINER PARTNERSHPP } \\ \hline \multicolumn{1}{|l|}{ Schedule 1 Safe Paryments at End of First Month } \\ \hline Capital balances & Maness & Joiner \\ \hline Potential loss on remaining irventory & & \\ \hline Safe payments to partners & & \\ \hline \end{tabular}