The partnership of Bsuer, Ohtsnl, snd Souzs has elected to cesse sll aperstions snd liquidate its business property. A bolance sheet

drswn up ot this time shawa the follawing account balances:

Requlred:

Part A

Prepore o prediatribution plan for this portnershlp.

Port B

The following transactions occur in liquidsting this buainess:

Distributed ssfe poyments of cssh immedistely to the portners. Liquidetion expenses of $$9,000$ sre estimated ss $8$ bosis for thls

computstion.

$2$ Sold noncs:h sseets with s book vslue of $$96,000$ for $$59,000.$

Paid sll liabilites.

Distrbuted ssfe poyments of cssh ogsin.

Gold remsining nancs:h sasets for $$47,000.$

Paid sctusl liquidstion expenses of $$6,000$ only.

Distrbuted remaining cssh to the portne's and clased the finseicl records of the business permanently.

Prepse o finsl statement of liquidstion for thls psitnership uaing the predistribution plan to determine psyments of cash to pertners.

Port $C$

Prepse journel entries to record the liquidation transactions refiected in the finsl ststement of liquidation.

Answer is not complete.

Complete thils question by entering your answers in the tabs below.

Part a

Prepare a finsl statement af llquidation far this partnership using the predistribution plan to deternine payments of cash to parthers.

Note: Do not round intermediste calculatians. Found your final answers to the nesrest whale dollar amount.