Alto , Blau , and Chan ( ABC Partnership ) decide to liquidate their partnership on September 1 , 2019 . The company's trial balance on that day shows the following ." ABC PARTNERSHIP* Trial Balance September 1 , 2019 Cash $ 10, 000 Noncash Assets 90.000 Liabilities $ 42, 000 Alto , Capital ( 40% ) 34, 000 Blau , Capital ( 40 %) 10, 000 Chan , Capital ( 20%/0 )| 14.000 Total $100 , 000 $100 , 000 Blau is personally insolvent . Alto and Chan are personally solvent . Partnership is liquidated in installments over a three month period . Noncash assets are sold as follows : September 15 , noncash assets with book value of $55, 000 sold for $45, 000 , Loss allocated among partners . Creditors are paid on September 28 . On October 15 , noncash assets with book value $30, 000 sold for 15 , 000 , loss allocated among partners. On November 15 , noncash assets with book value $5, 000 sold for $5, 000. During the liquidation* process partners decided to keep $10, 000 to meet contingencies . Any cash available are to be distributed on end of the month Required :" Prepare Statement of Partnership Realization and Liquidation - Installment Liquidation September , October , and November . Preparer Schedule of Safe Payments to Partners for September and October . Any work done on this page will not be graded