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Sunland Company at December 31 has cash $23,000, noncash assets $104,000, liabilities $2,300, and the following capital balances Floyd $47,000 and DeWitt $27,700. The firm

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Sunland Company at December 31 has cash $23,000, noncash assets $104,000, liabilities $2,300, and the following capital balances Floyd $47,000 and DeWitt $27,700. The firm is liquidated, and $113,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. 15,000 or parenthesises. (15,000)) Assistance Used Attempts: 1 of 4 used

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