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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:

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 $ 95,000 Accounts payable $ 80,000 Other assets 825,000 Ferris, loan 56,000 Hardwick, loan 46,000 Hardwick, capital 400,000 Saunders, capital 220,000 Ferris, capital 210,000 Total assets $ 966,000 Total liabilities and capital $ 966,000 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. (Amounts to be

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