The Folly and Frill company is in the process of liquidation.

On January $1,2011,$ the general ledger shows the account balances as follows:

Cash $$10,000$

Accounts payable $15,000$

Accounts receivable $25,000$

Folly Capital $40,000$

Lumber inventory $40,000$

Frill Capital $20,000$

$-$On January $10,2011,$ lumber inventory sells for $$25,000$

$-$During January, only $$21,000$ of accounts receivable was collected. No more charges are expected.

$-$Profits are shared $60$ percent with Folly and $40$ percent with Frill.

Prepare a worksheet that shows the details of the liquidation process as of February $1,2011.$ Determine the final balance of each partner's capital accounts.