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 $30,000, $42,300, and $18,900, respectively. Cash, noncash assets, and liabilities total $48,000, $78,600, and $35,400, respectively. Between July 1 and July 29, the noncash assets are sold for $63,000, 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 "0". 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) + + 48,000 35,400 30,000 $ 42,300 18,900 Balances before 78,600 realization Sale of assets and + 63,000 -78,600 0 X division of loss Balances after 111,000 0 35,400 realization Payment of liabilities -35,400 0 -35,400 Balances after 75,600 $ 0 0 $ $ payment of liabilities Cash distributed to -75,600 0 0 partners Final balances 0 0 $ 0 00000