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 99,000 845,000 50,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total liabilities and capital $ 54,000 60,000 370,000 260,000 250,000 $ 994,000 Total assets $ 994,000 The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $100,000. 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 Other Accounts Hardwick, Cash Loan and Assets Payable Capital Saunders, Ferris, Loan Capital & Capital Beginning balances Sold assets Assumed: loss on remaining assets Paid liabilities Safe balances $ 0 $ 0 $ 0 $ 0 $ 0 $ 0