View Policies Current Attempt in Progress Cheyenne Company at December 31 has cash $42,500, noncash assets $215,000, liabilities $114,000, and the following capital balances: Hoffman $100,000 and Mena $43,500. The firm is liquidated, and $227,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively. (If an amount reduces the account balance then enter with a negative sign preceding the number eg.-15,000 or parentheses eg (15,0001) Prepare a schedule of cash payments. CHEYENNECOMPANY Schedule of Cash Payments Noncash Assets Cash Liabilities Hoft wlocation of losses