$$504,000$; Alonso, capital $(50$ per$$ent of profits and losses$),$ $$150,000$; Mann, capital $(30$ percent$),$ $$100,000$;; uzukl, capital $(20$ percent$),$ $$70,000.$ The following transactions occur during liquidation:

Noncash assets with a book value of $$570,000$ are sold for $$470,000$ in cash.

A creditor reduces his claim against the partnership from $$120\mathrm{.}000$ to $$90,000,$ and this amount is paid in cash.

The remaining noncash assets are sold for $$130,000$ in cash.

The remaining liabilities of $$384,000$ are paid in full.

Liquidation expenses of $$21,000$ are paid in cash.

Cash remaining after the above transactions have occurred is distributed to the partners.

Required:

Prepare a statement of partnership liquidation to determine how much cash each partner recelves from the liquidation of the partnership.

Note: Amounts to be deducted should be entered with a minus sign.

$\backslash$table$[[$ALONSO$,$ MANN $$ ND SUZUKI PARTNERSHIP$],[$Statement of Partnership Liquidation$],[,$Cash,Noncash Assets,Labilities,Alonso, Capital $(50\%),$Mann, Capital $(30\%),$Suriki, Capital $(20\%)],[$Beginning balances,,,,,,$],[$Sale of noncash assets,,,,,,$],[$Pay labilites,,,,,,$],[$Sale of remaining noncash assets,,,,,,$],[$Pay remaining labilites,,,,,,$],[$Pay liquidaton expenses,,,,$50,,$$$0$