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	$	97,000			Accounts payable	$	102,000
Other assets		835,000			Ferris, loan		58,000
Hardwick, loan		48,000			Hardwick, capital		350,000
					Saunders, capital		240,000
					Ferris, capital		230,000
Total assets	$	980,000			Total liabilities and capital	$	980,000

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $146,000. 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
	Cash	Other Assets	Accounts Payable	Hardwick, Loan and Capital	Saunders, Capital	Ferris, Loan & Capital
Beginning balances
Sold assets
Adjusted balances	$0	$0	$0	$0	$0	$0
Max loss on remaining noncash assets
Paid liabilities
Safe payments	$0	$0	$0	$0	$0	$0