The following condensed balance sheet is for the partnership of Gulian, Singh, and Zahiri, who share profits and losses in the ratio of $4$:$3$:$3,$ respectively:

Required:

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.

Note: Amounts to be deducted should be entered with a minus sign.

$\backslash$table$[[$GULIAN$,$ SINGH, AND ZAHIRI$],[$Proposed Schedule of Liquidation$],[,$Cash,$\backslash$table$[[$Other$],[$Assets$]],\backslash$table$[[$Accounts$],[$Payable$]],\backslash$table$[[$Gulian$,],[$Loan and$],[$Capital$]],\backslash$table$[[$Singh$,],[$Capital$]],\backslash$table$[[$Zahiri$,$ Loan$],[$& Capital$]]],[$Beginning balances,,,,,,$],[$Sold assets,,,,,,$],[$Adjusted balances,,,,,,$],[$Max loss on remaining noncash assets,,,,,,$],[$Paid liabilities,,,,,,$],[,,,,,,],[,,,,,,]]$