The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share prots and losses in the ratio of 43:3, respectively: Cash 5 35,636 Accounts payable $156,606 Other assets 800,696 Fer'r'isJ loan 56,696 Har'durick, loan 51,396 Hardwick, capital 368,388 Saunders, capital 226,888 Ferris, capital 218,386 Total assets $935,933 Total liabilities and capital $935,993 l 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.) Beginning balances $ 85,000 $ 800,000 $ 156,000 Sold assets 210,000 Adjusted balances $ 295,000 $ 800,000 $ 155,000 Max loss on remaining noncash assets I Paid liabilities [156,000] {156,000} Safe payments 5 139,000 $ 800,000 5 220,000 $