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 $16,000.

Cash	$	130,000		Liabilities	$	70,000
Noncash assets		280,000		Arch, capital (40%)		130,000
				Bibb, capital (20%)		65,000
				Dao, capital (40%)		145,000
Total assets	$	410,000		Total liabilities and capital	$	410,000

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.)