Statement of Partnership Realization and Liquidation. I am missing the correct amount for the safe payments.

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On January 1 20X1. partners Art Bru, and Chou, who share profits and losses in the ratio of 6 22. respectively. decide to liquidate their partnership. The partnership trial balance at this date follows: Credit Debit $ 18,480 67.900 53, eee 190,000 Cash Accounts Receivable Inventory Machinery and Equipment (net) Accounts Payable Art, Capital Bru, Capital Chou, Capital Total $ 53,480 89, 900 i11.000 75,000 5328, 480 $328, 489 The partners plan a program of piecemeal conversion of assets to minimize squidation losses. All available cash, less an amount retained to provide for future expenses, is to be distributed to the partners at the end of each month. A summary of the liquidation transactions follows January 20x1 1 Collected $51.800 on accounts receivables the balance is uncollectible. 2. Received $38.600 for the entire inventory. 3. Paid $2.200 liquidation expenses. 4. Paid $50,200 to creators, after offset of a $3,200 credit memorandum received on January 11, 20X1 5. Retained $10.400 cash in the business at the end of the month for potential unrecorded abilities and anticipated expenses. February 20X1 6. Paid $4,200 liquidation experies. 7. Retained 56,200 cash in the business at the end of the month for potential unrecorded abilities and anticipated expenses. March 20X1 8. Receved $146.800 on sale of all items of machinery and equipment. 9. Paid $5.200 liquidation expenses. 10. Retained no cash in the business. Statement of Partnership Realization and Liquidation For the period from January 1, 20x1, through March 31, 20x1 Capital Balances Cash Art Bru Chou Other Assets 310.000 Accounts Payable 53.400 18.400 89.000 111,000 75,000 Balances before liquidation, January 1, 20X1 January transactions: Collection of accounts receivable at a loss Sale of inventory at a loss Liquidation expenses paid Share of credit memorandum Payments to creditors 51.800 38.600 (2 200) (67.000) (53.000) O OD (3,040) (2,880) SSSS (9.120) (8.640) (1,320) 1.920 (3,040) (2.880) (440) 640 10 6:40 (50,200) 3,200 50,200 53.400 D S 190.000 5 $ 105,280 69.280 Safe payments to partners O 146.000) $ 10.400 5 190 000 S 53.400 5 105 280 15 69.280 February transactions Liquidation expenses paid 2 15 1840) (4,200) 6.200 (2520) 0 $ 69,320 LE 3 53.400 Safe payments to partners 0 0 s 6.200 S 190 000 53.400 69,320 68 440 March transactions 146.800 (190,000) 0 125.920) Sale of M&Eq. at a loss Liquidation expenses paid (8,640) (1.040) (3120) (5,200) $ 147.800 (8.640) (1.040) 58.760 ON 5 50,400 5 20280 94.760 147,800 0 40 2010 0 Payments to partners Balances at end of liquidation, March 31, 20X1 $ 0 D 50.400 5 0 901 760 58 760