The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $155,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) Answer is not complete. HARDWICK, SAUNDERS, AND FERRIS Proposed Schedule of Liquidation Cash Other Assets Accounts Payable Hardwick, Loan and Capital Saunders, Capital Ferris, Loan & Capital Beginning balances $ 92,000 Sold assets 155,000 $ 810,000 (324,000) $ 72,000 Adjusted balances $247,000 $ 486,000 $ 72,000 0 $ 0 $ 0 Max loss on remaining noncash assets (72,000) x Doid liabilition Cash Other assets Hardwick, loan $ 92,000 810,000 Accounts payable Ferris, loan $ 72,000 53,000 43,000 Hardwick, capital 370,000 Saunders, capital 230,000 Ferris, capital 220,000 Total assets. $945,000 Total liabilities and capital $945,000