Chapter 10 - HW Seved Help Save & Exit Submit Check my work 3 The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:33, respectively 10 points Cash Other assets Hardwick, loan $ 96,000 830,000 47.000 Accounts payable Ferris, loan Hardwick, capital Saunders, capital Ferris, capital Total Liabilities and capital 5.56,000 57.000 410,000 230,000 220,000 1973.000 ollock Total assets 5973,000 The partners decide to liquidate the partnership Forty percent of the other assets are sold for $100,000. Prepare a proposed schedule of liquidation at this point in time. (Amounts to be deducted should be entered with a minus sign.) HARDWICK, SAUNDERS, AND FERRIS Proposed schedule of Liquidation Other Cash Accounts Hardwick Assets Saunders, Ferris, Loan Payable Loan and Capital Capital & Capital $ 90.000 $ 8.30.000 s 56.000 5 363,000 $ 230,000 $ 277,000 $ Beginning balans Sold assets Adjusted balances Maxions en remaining roncash assets Paid fiables Safe payments 96,000 $330.000 $ 56.000 5 363,000 $. 230.000 $ 277,000 $ $6,000 S 630.000 $ 68,000 $363.000 $ 230,000 $277.000 Mc IGER Drew 27 AN