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 $ 86,000 Accounts payable $ 136,000 Other assets 780,000 Ferris, loan 47,000 Hardwick, loan 37,000 Hardwick, capital 310,000 Saunders, capital 210,000 Ferris, capital 200,000 Total assets $ 903,000 Total liabilities and capital $ 903,000

The partners decide to liquidate the partnership. Fifty percent of the other assets are sold for $270,000. Prepare a proposed schedule of liquidation at this point in time.