The partnership of Tosh, John, and Brown had the following account balances and percentages for the sharing of profits and losses:

Cash $69,000

Noncash Assets 204,000

Liabilities 49,000

Tosh, Capital (30%) 138,000

John, Capital (40%) 119,500

Brown, Capital (30%) (19,500)

The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $9,000. All partners are insolvent.

Proposed Schedule of Liquidation