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The LDP Partnership is to be liquidated and you have been hired to prepare a Schedule of Cash Payments for the partnership. Partners Landon, David,

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The LDP Partnership is to be liquidated and you have been hired to prepare a Schedule of Cash Payments for the partnership. Partners Landon, David, and Patricia share income and losses in the ratio of 4;3:3, respectively. Assume the following: 1. The noncash assets were sold for $76,500. 2. Liabilities were paid in ful. 3. The remaining cash was distributed to the partners. (If amy partner has a capital deficlency, assume that the partner is unable to make up the capital deficiency) Using the above information, complete the Schedule of Cash Payments belowi (if an amount reduces the account balance then enter with a negative sign preceding the number es. -15,000 or parentheses es. (15,000)d

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