Please show all work and calculations.

Q1. The partnership of Able, Bower, and Cramer was liquidated. The partners have shared profits and losses in the ratio of 2:4:4. Prior to liquidation, their capital balances were the following*: Able Bower Cramer $10,000 S(5,000) S(15,000) *Deficit shown in parentheses Cash totaled $20,000, with liabilities amounting to S30,000. A review of the individual partners' personal financial status reveals the following: Assets Liabilities Able 5,000 $20,000 Baker 6,000 4,000 Cramer 30,000 20,000 Required: Prepare a worksheet to liquidate the partnership. ANS