The partnership of Hanly, Ide, and Jen was dissolved. By August 1, 2006, all assets had been converted into cash and all partnership liabilities were paid. The partnership balance sheet on August 1, 2006 (with partner residual profit and loss sharing percentages) was as follows: Cash $ 50,000 Hanly, capital(30%) Ide, capital(20%) Jen, capital(50%) $ 4,000 (60,000) 106,000 Total assets $ 50,000 Total equity $ 50,000 The value of partners' personal assets and liabilities on August 1, 2006 were as follows: Personal assets Personal liabilities $ Hanly 74,000 $ 72,000 Ide 120,000 $ 80,000 Required: Prepare the final statement of partnership liquidation