Partnership Liquidation-Safe Payments Several years ago, Ann Dennis, Jill Edwards, Lee Lacy, and Sarah Ingram formed a partnership to operate the Deli Sisters Cafe. Rerouting of bus lines caused declines in patronage to the extent that the partners have agreed to dissolve the partnership and liquidate the assets. The November 2, 2014, balance sheet of the Deli Sisters Cafe and other data appear below. The partnership agreement did not specify how profits and losses were to be shared. DELI SISTERS CAF Balance Sheet November 2, 2014 Cash Supplies $90,000 Liabilities $150,300 45,000 Loan-Ingram 60,000 Equipment 450,000 Capital-Dennis 156,000 Fixtures 120,000 Capital-Edwards 135,000 Capital-Lacy 59,700 Capital-Ingram 144,000 Total assets $705,000 Total liabilities and capital $705,000