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 $35,100, $49,800, and $22,200, respectively. Cash, noncash assets, and liabilities total $52,800, $92,400, and $38,100, respectively. Between July 1 and July 29, the noncash assets are sold for $73,800, the labilities 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 Noncash Assets Liabilities Cash + Capital Gold (3/6) Capital Porter (2/6) Capital Sims (1/6) Balances before realization Sale of assets and division of $ 52.800 92,400 38,100 5 35.106 49.00 22,200 78,000 91,400 Joss $ 5 Balances after realization Payment of tiabilities Balances after payment or Babies cash distributed to partners Final balances