Statement of Partnershib undation After the accounts are dosed on April 10, prior to liquidating the partnership, the capital accounts of Zach Fairchild, Austin Lowes, and Amber Howard are $41,700, $7,500, and $32, 200, respectively Cash and noncash assets total $10,000 and $81,800, respectively. Amounts owed to creditors total $10,400. The partners share income and losses in the ratio of 1:1:2 Between April 10 and Apell 30, the noncash assets are sold for $43,400, the partner with the capital coficiency pays the deficiency to the partnership, and the abilities are paid Required: 1. Prepare a statement of partnership liquidation, indicating (a) the sale of assets and division of loss, (b) the payment of stabilities, (c) the receipt of the deficiency (from the appropriate partner), and (d) the distribution of cash. Erker any subtractions (batance deticiencies, payments, cash distributors, divisions of loss, sale of assets) as negative numbers using a minus sign, if there is no amount or an amount is zero, enter"0" Fairchild, Lowes, and Howard Statement of Partnership Liquidation For Period April 10-30 Noncash Assets Fairchild, Capital (1/4) Lowes, Capital (1/4) Howard, Capital (214) Cash Liabilities Balances before realization 10,400 x Sale of assets and division of loss Balances after realization