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The partners of Wildhorse Company have decided to liquidate their business. Noncash assets were sold for $118,700. The income ratios of the partners Cisneros, Gunselman,

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The partners of Wildhorse Company have decided to liquidate their business. Noncash assets were sold for $118,700. The income ratios of the partners Cisneros, Gunselman, and Forren are 3:2:3, respectively. Complete the following schedule of cash payments for Wildhorse Company. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) Item Cash + Noncash Assets Liabilities + Cisneros Capital + Gunselman Capital + Forren Capital Balance before liquidation $14,000 $86,300 $28,200 $22,600 $34,400 $15,100 Sale of noncash assets and allocation of gain New balances Pay liabilities New Balances Cash distribution to partners Final balances

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