NOTE: What I have done so far is correct. I need help filling in the blanks. Thank you.

On January 1, the partners of Van, Bakel, and Cox (who share profits and losses in the ratio of 5:3:2, respectively) decide to liquidate their partnership. The trial balance at this date follows: Credit Debit $ 27,000 84,000 70,000 207,000 48,000 Cash Accounts receivable Inventory Machinery and equipment, net Van, loan Accounts payable Bakel, loan Van, capital Bakel, capital Cox, capital Totals $ 89,000 38,000 127,000 99,000 83,000 $ 436,000 $ 436,000 The partners plan a program of piecemeal conversion of the partnership's assets to minimize liquidation losses. All available cash, less an amount retained to provide for future expenses, is to be distributed to the partners at the end of each month. A summary of the liquidation transactions follows: January Collected $60,000 of the accounts receivable; the balance is deemed uncollectible. Received $47,000 for the entire inventory. Paid $3,000 in liquidation expenses. Paid $85,000 to the outside creditors after offsetting a $4,000 credit memorandum received by the partnership on January 11. Retained $19,000 cash in the business at the end of January to cover any unrecorded liabilities and anticipated expenses. The remainder is distributed to the partners. February Paid $4,000 in liquidation expenses. Retained $7,000 cash in the business at the end of the month to cover unrecorded liabilities and anticipated expenses. March Received $155,000 on the sale of all machinery and equipment. Paid $6,000 in final liquidation expenses. Retained no cash in the business. January February March Prepare a schedule to compute the safe installment payments made to the partners at the end of January. Cox 20% $ 83,000 Total 100 % $ 309,000 (10,000) $ 299,000 VAN, BAKEL, AND COX PARTNERSHIP Safe Installment Payments to Partners January 31 Van Bakel Profit and loss ratio 50% 30% Capital balances - January 1 [ $ 127,000 $ 99,000 Add (deduct) loans (48,000) 38,000 Adjusted capital balances - January 1 $ 79,000 $ 137,000 Allocation of January net loss Capital balances January 31 $ 79,000 $ 137,000 Potential loss Subtotal $ 79,000 S 137,000 Allocation of deficit balances Safe payments to partners - January 31 $ 79,000 01 $ 83,000 $ 83,000 $ 299,000 $ 83,000 S 299,000 00 $ 83,000