The partnership of Parr. Johns and Rake has experienced operating losses for three consecutive years. The partners who have shared profits and losses in the tails of Sharon Parr, 10%; Anne Johns, 30%; and Charles Rake, 60% are considering the liquidation of the business. They ask you to analyse the effects of liquidation under various possibilities regarding the sale of the non-cash assets. They present the following condensed partnership balance sheel at 31 December, the end of the carrent year