Required information QS 12-13 (Algo) Liquidation of partnership LO PS [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, $167,600; and Snow, $155,800. On May 31 , the liquidation resulted in a loss of $406,500. QS 12-13 (Algo) Part 1 1. Compute the capital account balance of each parther after the loss from liquldation is allocated. (Losses and negative capital balances, If any, should be entered with a minus sign.) Required information QS 12-13 (Algo) Liquidation of partnership LO PS [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, $167,600; and Snow, $155,800. On May 31 , the liquidation resulted in a loss of $406,500. QS 12-13 (Algo) Part 1 1. Compute the capital account balance of each parther after the loss from liquldation is allocated. (Losses and negative capital balances, If any, should be entered with a minus sign.)