Sedgwick Company at December 31 has cash $20,600, noncash assets $105,000, liabilities $53,500, and the following capital balances: Floyd $45,500 and DeWitt $26,600. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 60% and 40%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).)

SEDGWICK COMPANY Schedule of Cash Payments
Item		Cash	+	Noncash Assets	=	Liabilities	+	Floyd, Capital	+	DeWitt, Capital
Balances before liquidation		$20,600		$105,000		$53,500		$45,500		$26,600
Sale of noncash assets and allocation of gain
New balances
Pay liabilities
New balances
Cash distribution to partners
Final balances		$		$		$		$		$