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Suppose the partnership of Lauren, Andrews, and Benroudi liquidates by selling all noncash assets for $80,000. Complete the liquidation schedule. (Click the icon to view
Suppose the partnership of Lauren, Andrews, and Benroudi liquidates by selling all noncash assets for $80,000. Complete the liquidation schedule. (Click the icon to view the original partnership liquidation schedule.) (Use parentheses or a minus sign when subtracting numbers. Complete all answer boxes. For input boxes with a $0 balance, make sure to enter "o" in the appropriate box.) Capital Noncash Lauren Andrews Benroudi Cash + Assets Liabilities + (60%) + (20%) + (20%) Balance before sale of assets Sale of assets, sharing of gain/loss Balances Payment of liabilities Balances Payment of cash to partners Final balances Capital Noncash Lauren Andrews Benroudi Cash + Assets Liabilities + (60%) + (20%) + (20%) Balance before sale of assets $ $ 30,000 $ $ $ 10,000 150,000 $ 90,000 (90,000) 40,000 36,000 20,000 12,000 10,000 12,000 Sale of assets, sharing of gain Balances 0 76,000 32,000 22,000 160,000 (30,000) 30,000 (30,000) Payment of liabilities Balances 0 0 130,000 (130,000) 76,000 (76,000) 32,000 (32,000) 22,000 (22,000) Payment of cash to partners $ 0 $ O $ 0 $ 0 $ 0 $ 0 Final balances
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