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 93,000 315,000 44,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 48,000 54,000 380,000 240,000 230,000 $ 952,000 Total assets $ 952,000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $125,000. 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 Hardwick Other Accounts Cash Loan and Assets Payable Capital Saunders, Capital Ferris, Loan & Capital Beginning balances Sold assets Assumed loss on remaining assets Paid liabilities Safe balances $ 0 $ 0 $ 0 $