A partnership has the following account balances at the date of termination: Cash, $98,000; Noncash Assets, $750,000, Liabilities, $484,000; Bell, capital (50 percent of profits and losses). $170,000; Mann, capital (30 percent). $120,000; Scott, capital (20 percent). $74,000. The following transactions occur during liquidation: Noncash assets with a book value of $590,000 are sold for $490,000 in cash. A creditor reduces his claim against the partnership from $175,000 to $110,000, and this amount is paid in cash. The remaining noncash assets are sold for $130,000 in cash. The remaining liabilities of $309,000 are paid in full. Liquidation expenses of $23,000 are paid in cash. Cash remaining after the above transactions have occurred is distributed to the partners. Prepare a statement of partnership liquidation to determine how much cash each partner receives from the liquidation of the partnership. (Amounts to be deducted should be entered with a minus sign.) BELL, MANN, AND SCOTT PARTNERSHIP Statement of Partnership Liquidation Noncash Cash Liabilities Assets Bell, Capital (50%) Mann, Capital Scott Capital (30%) (20% Beginning balances Sale of noncash assets Pay liabilities Sale of remaining noncash assets Pay remaining liabilities Pay liquidation expenses Subtotal Distribution to partners Ending balances $ 0 $ 0 $ 0$ 0 $ 0 $ 0 $ 0 $ OS 0$ 0 $ 0 $ 0