The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferrs, who share profits and losses in the ratio of 4:3:3, respectively Cash Other assets 770,000Ferris, loan 45,888 290,00 190,000 188,088 35,00 Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $250,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) Proposed Schedule of Liquidation Hardwick, Saunders Loan and Sold assets Assumed loss on Paid