Partners Dodge, Edsel, Ford and Harley share income in a ratio of 8:5:4:3, respectively. On January l, 2014, they decide to terminate operations and begin a process of liquidation. The partnership's trial balance on that date shows the following:

To maximize proceeds, assets were sold over a three-month period. At the end of each month, available cash, less an amount retained to cover estimated future expenses, was distributed to the partners. The liquidation proceeded as follows:
January 2014:
1. Returned inventory costing $10,000 to the supplier, who granted a credit of $8,500 against the open accounts payable.
2. Collected $45,000 of the accounts receivable; collection of the remainder is uncertain.
3. Sold the remaining inventory to a competitor for $30,000.
4. Sold the equipment for $80,000.
5. Paid liquidation expenses of $5,500.
6. Paid the bank loan and the remaining accounts payable in full.
7. Retained $20,000 of cash for potential future obligations and liquidation expenses.
February 2014:
1. Collected $ 15,000 of the accounts receivable, and the remainder is determined to be uncollectible.
2. Transferred the truck to Dodge in exchange for a $30,000 reduction in the partnership's loan obligation to Dodge.
3. Paid liquidation expenses of $3,000.
4. Retained $10,000 of cash for potential future obligations and liquidation expenses.
March 2014:
1. Sold the land for $125,000.
2. Paid liquidation expenses of $8,000.
3. Distributed all remaining cash.
Required
Prepare a schedule to compute the safe installment payments to the partners at the end of January, February, and March 2014.

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Debit Credit Cash.... Accounts receivable... Loan receivable-Edsel..an.. Inventory.. Land. 32,000 87,000 25,000 55,000 30,000 112,000 37,000 Truck Loan payable Dodge Capita Dodge Capital-Edsel Capital Ford.. Capital Harley $75,000 48,000 80,000 71,000 42,000 53,000 9,000 $378,000 . . Totals $378,000