Prior to liquidating their partnership, Evans and Beck had capital balances of $65,000 and $85,000 respectively; the partnership had no cash other than what was received from the sale of assets. The partnership assets were sold for $190,000. The partnership had liabilities of $32,000. Evans and Beck share income and losses equally. Determine the amount of cash received by each partner as a final distribution by preparing the Statement of Partnership Liquidation.

Balances before realization CASH + Noncash assets=liabilities + Evans + capital + beck

Sales of assets & division of loss gain

balances after realization

payment of liabilities

Balances after payment of liabilities

Receipts of defiency

Balance

Cash distributed to partners

Final balances.