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	$	89,000			Accounts payable	$	60,000
Other assets		820,000			Ferris, loan		54,000
Hardwick, loan		55,000			Hardwick, capital		340,000
					Saunders, capital		260,000
					Ferris, capital		250,000
Total assets	$	964,000			Total liabilities and capital	$	964,000

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $115,000. Prepare a proposed schedule of liquidation at this point in time.