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 $ 81, eee 755, eee 32, eee Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 256,000 42,eee 260,000 160,000 150,000 $ 868,000 Total assets $868,888 The partners decide to liquidate the partnership. Fifty 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.) HARDWICK, SAUNDERS, AND FERRIS Proposed Schedule of Liquidation Other Accounts Hardwick, Cash Assets Payable Loan and Capital Saunders, Ferris, Loan Capital & Capital Beginning balances Sold assets Assumed: loss on remaining assets Paid liabilities Safe balances