Statement of Partnership Liquidation After dosing the accounts on July 1, prior to liquidating the partners, the capital account balances of Gold, Porter, and Sims are $55,000, $45,000, and $20,000 respectively. Cash, noncash assets, and abilities total $56,000, 596,000, and $32,000, respectively, Between July 1 and July 29, the noncash assets are sold for $90,000 the abilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:21) 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 Gold, Porter, and Sims Statement of Partnership Liquidation For the Period July 1-29 Cash + Noncash Assets Liabilities Gold (3/6) Porter (2/6) + Sims (1/6) Balances before realization Sale of assets and division of loss Balances after realization Payment of abilities Balances after payment of liabilities Cash distributed to partners Final balances