Problem 15-20 (Algo) (LO 15-6) The following balance sheet is for a partnership in which the partners have decided to terminate operations and liquidste sssets. The partners estimate liquidation expenses will be $18.000. Cash Noncash assets $ 130,000 250,000 Liabilities Arch, capital (40%) Bibb, capital (28) Dao, capital (40%) Total liabilities and capital $ 60,Bee 125, Bee 62,502 132,500 $ 380,000 Total assets $ 380,000 Prepare a proposed schedule of liquidation to carry out a preliminary distribution of partnership assets at the date of termination. (Amounts to be deducted should be entered with a minus sign.) ARCH, BIBB, AND DAO PARTNERSHIP Proposed Schedule of Liquidation Date of Termination Cash Noncash Llabilities Arch, Capital Assets 40% Bibb, Capital 20% Dao, Capital 40% Beginning balances Pay liabilities Max. liquidation expenses Max. lass-nancash assets Initial safe payments