Statement of Partnership quidation After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $42,600,560,600, and $27,000, respectively. Cash, noncash assets, and liabilities total $69,600, $112,200, and $51,600, respectively. Between July 1 and July 29, the noncash assets are sold for $90,000, 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 distributioes, divisions of loss, sale of assets) as negative numbers using a minus sign. If an amount is zero, enter into 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 112.00 S. 2.600 .600 27.000 9.600 Sale of assets and division of loss 90.000 Balances after realization 15.00 S100 31200 33.00 22.300 Payment of liabilities Balances after payment of liabilities Cash distributed to partners 101.000 31. 23.00 inal balances