Statement of LLC Liquidation Lester, Torres, and Hearst are members of Arcadia Sales, LLC, sharing income and losses in the ratio of 2:2:1, respectively. The members decide to liquidate the limited liability company. The members' equity prior to liquidation and asset realization on August 1 are as follows: Lester Torres Hearst Total $15,900 36,700 22,800 $75,400 In winding up operations during the month of August, noncash assets with a book value of $99,200 are sold for $123,000, and liabilities of $32,100 are satisfied. Prior to realization, Arcadia Sales has a cash balance of $8,300. a. Prepare a statement of LLC liquidation. Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If an amount is zero, enter "0". Arcadia Sales, LLC Statement of LLC Liquidation For the Period August 1-31 Balances before realization Sale of assets and division of gain Balances after realization Payment of liabilities Balances after payment of liabilities Distribution of cash to members Member Noncash Cash + Assets Liabilities + Equity Lester (2/5)+ Torres (2/5)+ Hearst (1/5) Member Equity Member Equity