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 Other assets Hardwick, loan $ 95,000 Accounts payable 825,000 Ferris, loan 46,000 Hardwick, capital Saunders, capital Ferris, capital 3966,000 Total Habilities and capital $ 80,000 56,000 400,000 220,000 210,000 $966,000 Total assets The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $115,000. Prepare a proposed schedule of liquidation at this point in time (Amounts to be deducted should be entered with a minus sign.) The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $115,000. 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 Other Accounts Assets Payable Cash Hardwick, Loan and Capital Saunders, Capital Ferris, Loan & Capital $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Beginning balances Sold assets Adjusted balances Max loss on remaining noncash assets Paid liabilities Safe payments S 0$ 0 $ 0 5 0S 0 $ 0