The trial balance at December 31, immediately prior to the liquidation of TT Partnership, follows:

Cash

$11,600

Equipment

80.300

Accumulated depreciation-equipment

48.600

Accounts payable

12,400

Teck Tang, Capital

14,800

cals

Zhi Tao, Capital

8,840.00

16,100

5,750.00

5,000.00

The partnership is liquidated on December 31 of the current year and $33.500 cash is received for the equipment. Tang and Tao have a profit and loss ratio of 3:1.

5,590.00

(a)

Prepare a liquidation schedule. (Enter negative amounts using either a negative sign preceding the

number e.s.-45 or parentheses e.s.(45))