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 $ 85,000 Accounts payable $ 156,000 Other assets 800,000 Ferris, loan 50,000 Hardwick, loan 51,000 Hardwick, capital 300,000 Saunders, capital 220,000 Ferris, capital 210,000 Total assets $ 936,000 Total liabilities and capital $ 936,000

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $210,000. Prepare a proposed schedule of liquidation at this point in time.(Amounts to be deducted should be entered with a minus sign)