The following condensed balance sheet is for the partnership of Gulian, Singh, and Zahiri, who share profits and losses in the ratio of $4$:$3$:$3,$ respectively:

Cash $ $91,000$ Accounts payable $ $96,000$

Other assets $805,000$ Zahiri, loan $52,000$

Gulian, loan $42,000$ Gulian, capital $360,000$

Singh, capital $220,000$

Zahiri, capital $210,000$

Total assets $ $938,000$ Total liabilities and capital $ $938,000$

Required:

The partners decide to liquidate the partnership. Fifty percent of the other assets are sold for $$165,000.$ Prepare a proposed schedule of liquidation at this point in time.