Question: Prepare a schedule of cash payment ( if an amount reduces the account balance then enter with a negative sign preceding the number in parenthesis

Prepare a schedule of cash payment ( if an amount reduces the account balance then enter with a negative sign preceding the number in parenthesis 9. Oriole Company at December 31 has cash $21,900, noncash assets $101,000, liabilities $51,900 and the following capital balances: Floyd $42,800 and DeWitt $28,200. The firm is liquidated and 110,000 in cash is received for the noncash assets, Floyd and DeWitt income ratios are 70% and 30% respectively ItemCash Noncash Asset Balances before liquidation$21,900 $101,000 New balances Pay Liabilities New balances Cash distribution to partners Final balances

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