View Policies Current Attempt in Progress Monty Company at December 31 has cash $49,000, noncash assets $203,000, liabilities $104,000, and the following capital balances: Hoffman $105,000 and Mena $43,000. 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 e.g.-15,000 or parentheses e.g. (15,000).) Preparo:

Current Attempt in Progress Monty Company at December 31 has cash $49,000, noncash assets $203,000, liabilities $104,000, and the following capital balances: Hoffman $105,000 and Mena $43,000. 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 es - 15,000 or parentheses es. (15,000)) Current Attempt in Progress Monty Company at December 31 has cash $49,000, noncash assets $203,000, liabilities $104,000, and the following capital balances: Hoffman $105,000 and Mena $43,000. 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 es - 15,000 or parentheses es. (15,000))