The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 43:3, respectively Cash Other assets Hardwick, loan $ 93,eee 815,000 44,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 48,000 54,000 300,000 240.000 230,000 $952,000 Total assets 3952.000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $125,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) HARDWICK, SAUNDERS, AND FERRIS Proposed Schedule of Liquidation Cash Other Assets Accounts Payable Hardwick Loan and Capital Saunders, Farris, Loan Capital & Capital Beginning balances Sold assets Adjusted balances Max loss on romaining noncash assets Paid liabilities Sate payments