Part III: RNOP Partnership had been unprofitable and decided to liquidate their partnership. The partners share profits and losses in the ratio of 40:30:20:10, respectively. The following balance sheet was prepared immediately before the process began: Cash $96,000 Liabilities $240,000 Other assets 316,000 Ray, Capital 22,800 Nil, Capital 17,600 Oden, Capital 48,000 Paul, Capital 83600 Total assets $412,000 Total The personal status of each partner is as follows: Personal Assets Personal Liabilities Ray $146,000 $126,000 Nil 90,000 130,000 Oden 154,000 128,000 Paul 56,000 56,000 The partnership's other assets are sold for $220,000 cash. The partnership operates in a state adopting the Uniform Partnership Act. Required: A. Complete the following schedule of partnership realization and liquidation. Assume that a partner makes additional contributions to the partnership when appropriate based on their individual status