Swifty Company at December 31 has cash $45,500, noncash assets $212,000, liabilities $120,000, and the following capital balances:

Hoffman $92,000 and Mena $45,500. The firm is liquidated, and $224,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).)

Prepare a schedule of cash payments.