Required information QS 12-13 (Algo) Liquidation of partnership LO P5 [The following information applies to the questions displayed below) The Field, Brown & Snow are partners and share income and losses equality. The partner decide to liquidate the partnership when their capital balances are as follows: Field. $129,500; Brown. $167.100; and Snow, $155,100. On May 31, the liquidation resulted in a loss of $407100, QS 12-13 (Algo) Part 1 1. Compute the capital account balance of each partner after the loss from liquidation is allocated. (Losses and negative capital balances, if any, should be entered with a minus sign.) Field $ 129,500 Brown $167.100 Initial investments Loss allocation Capital balances Snow Total $ 155,100 $ 451,700 0 $ 451,700 1/3