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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:

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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 $ 87 , 000 Accounts payable $108 810 , 000 52, Other assets Ferris, loan 320 Hardwick, loan 53 , 000 Hardwick, capital Saunders, capital 240 Ferris, capital 230 Total assets $950 , 000 Total liabilities and capital $950, The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $155,000. 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 Har Cash Other Assets Accounts Payable Loz Ca Beginning balances Sold assets Adjusted balances Max loss on remaining noncash assets Paid liabilities Safe payments

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