The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: CDG PARTNERSHIP Balance Sheet At December 1, 20x6 Assets Cash $ 25,000 Accounts Receivable (net) 75,000 Inventories 100,000 Property, Plant and Equipment (net) 300,000 Total Assets $500,000 Liabilities and Capital Liabilities: Accounts Payable $270,000 Capital: Carlos, Capital $120,000 Dan, Capital 50,000 Gail, Capital 60,080 Total Capital 230,000 Total Liabilities and Capital $500,000 Additional Information 1. Each partner's personal assets (excluding partnership capital interests) and personal liabilities as of December 1, 20X6, follow: Carlos Gail Personal assets $ 250,000 $300,000 $ 350,000 Personal liabilities (230,000) (240,000) (325,000) Personal net worth $ 20,000 $ 60,000 $ 25,000 Dan 2. Carlos, Dan, and Gail share profits and losses in the ratio 20:40:40 3. CDG sold all noncash assets on December 10, 20X6, for $260,000, Required: a. Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 20X6. (Do not round your intermediate CHWIN a: Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 20X6. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) COG PARTNERSHIP Statement of Realization and Liquidation Lump-sum Liquidation on December 10, 20X6 Capital Balances Dan Carlos Liables Cash G Noncosh Assets Preliquidation balances Sale of assets and distribution of loss Cash contributed by Call to extent of positive net worth Distribution of deficit of insolvent partner Contribution by Dan to remedy deficit Payment to creditors Payment to partner Postquidation balances b. Prepare a schedule of the net worth of each of the three partners as of December 10, 2006, after the liquidation of the partnership is completed assuming that no other events occurred in the 10-day period that changed any of the partners personal assets and personal liabilities. (Round your answers to the nearest whole dollar)