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 $46,200, $65,700, and $29,100, respectively. Cash, noncash assets, and liabilities total $71,100, $121,500, and $51,600, respectively. Between July 1 and July 29, the noncash assets are sold for $96,900, 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 Noncash Capital Gold Capital Porter Liabilities Capital Sims Cash + Assets (3/6) + (2/6) + (1/6) + Balances before realization Sale of assets and division of loss Balances after realization Payment of liabilities Balances after payment of liabilities Cash distributed to partners Final balances