Statement of Partnership Liquidation After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $28,500, $40,800, and $18,000, respectively. Cash, noncash assets, and liabilities total $43,200, $75,300, and $31,200, respectively. Between July 1 and July 29, the noncash assets are sold for $60,300, 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 July 1-29. 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 "o". Gold, Porter, and Sims Statement of Partnership Liquidation For the Period Ending July 1-29 Cash + Noncash Assets Liabilities + Capital Gold (3/6) + Capital Porter (2/6) + Capital Sims (1/6) Balances before realization 43,200 75,300 31,200 Sale of assets and division of loss 60.300 75,300 Balances after realization Payment of liabilities 31,200 Balances after payment of liabilities 72.300 Cash distributed to partners 72,300 Final balances 103,500