Statement of partnership liquidation After closing the accounts of Dynamic Coatings on October 1, prior to liquidating the partnership, the capital account balances of Berisha, Fairbourn, and Kim are $37,500, $53,100, and $23,700, respectively. Cash, noncash assets, and liabilities total $54,900, $98,400, and $39,000, respectively. Between October 1 and October 31, the noncash assets are sold for $78,600, the liabilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1. Prepare a statement of partnership liquidation for the period October 1-31. 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 in "0". Line Item Description Balances before realization Sale of assets and division of loss Elances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances Feedback Dynamic Coatings Statement of Partnership Liquidation For Period October 1-31 Capital Berisha Capital Fairbourn Noncash (3/6) + (2/6) + Cash + Assets = Liabilities + 54,900 98,400 V 39,000 133,500 94,500 X 94,500 0 0000 00000 39,000 Capital Kim (1/6) 37,500 53,100 23,700 V 9,900 X 6,600 X 3,300 X 27,600 46,500 20,400 27,600 46,500 20,400 0 0 0