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 88,000 790,000 39,000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Perris, capital Total liabilities and capital $ 158,000 49,000 330,000 230,000 150,000 $ 917,000 Total assets $ 917,000 The partners decide to liquidate the partnership. Fifty percent of the other assets are sold for $290,000. 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 Cash Hardwick, Accounts Loan and Assets Payable Capital Saunders, Capital Ferris, Loan & Capital Beginning balances Sold assets Assumed: loss on remaining assets Paid liabilities Safe balances