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The following is the condensed balance sheet for the partnership Hardwick, Saunders and Ferris. Profits and Losses are split 4:3:3. The partners decide to liquidate

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The following is the condensed balance sheet for the partnership Hardwick, Saunders and Ferris. Profits and Losses are split 4:3:3. The partners decide to liquidate the partnership. 40% of the Other Assets are sold for $200,000. From the Client AR, $15,000 was collected. The remaining assets are written off. Prepare a proposed schedule of liquidation to determine how much each Partner will receive

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