The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:3:3, respectively:

Cash $99,000 Accounts payable $54,000

Other assets 845,000 Ferris, loan 60,000

Hardwick, loan 50,000 Hardwick, capital 370,000

Total assets $994,000 Saunders, capital 260,000

Ferris, capital 250,000

Total liabilities and capital $994,000

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $100,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.)