The following balance sheet is for a partnership in which the partners have decided to terminate operations and liquidate assets. The partners estimate liquidation expenses will be $13,000 Cash Doncash assets 140,000 240,000 Llabilities Arch, capital (40%) Bibb, capital (2003 Deo capital (401) Total Liabilities and capital 150,000 120.000 1160,000 150,000 0.000 Total assets Prepare a proposed schedule of liquidation to carry out a preliminary distribution of partnership assets at the date of termination (Amounts to be deducted should be entered with a minus sign.) ARCH, BIBB, AND DAO PARTNERSHIP Proposed Schedule of Liquidation Date of Termination Noncash Liabilities Arch. Capital Cash Assets 40% Bibb. Capital 20% Dao, Capital 40% Beginning balances Payllabilities Max. liquidation expenses Max loss - noncash assets Initial safe payments TE