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 83,000 765,000 34,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 208,000 44,000 280,000 180,000 170,000 $ 882,000 Total assets $ 882,000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $240,000. 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 Hardwick, Accounts Loan and Assets Payable Capital Saunders, Ferris, Loan Capital & Capital Beginning balances Sold assets Assumed: loss on remaining assets Paid liabilities Safe balances HA 0 $ 0 $ 0 $ 0 $ 0 $