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The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:3:3, respectively $ Cash Other assets Hardwick, loan 88,000 815,880 54,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 84,000 53,eee 330,000 250,000 240,000 $ 957,000 Total assets $ 957,000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $135,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) HARDWICK, SAUNDERS, AND FERRIS Proposed Schedule of Liquidation Hardwick, Other Accounts Cash Loan and Assets Payable Capital Saunders, Ferris, Loan Capital Capital & Capital Beginning balances Sold assets Assumed loss on remaining assets Pald liabilities Safe balances