Question 4 View Policies Current Attempt in Progress Crane Company at December 31 has cash $20.700, noncash assets $100.000 abilities $52.900, and the following capital balances: Floyd $46,500 and DeWitt 529 200. The formulated and $118,000 in cash is received for the noncash assets. Floyd and DeWitt Income ratios are 60% and 40% respectively Prepare a schedule of cash payments of an amount reduces the account balance then enter with a nete si preceding the numbers 15.000 or presses (15.000 CRANE COMPANY Schedule of Cash Payments Noncash Assets - Liabilities Floyd, Capital - DeWith Capital $20 200 $100 000 $52.900 $46.500 529 200 Balances before liquidation Sale of noncash assets and allocation of pain New balances Paylabilities New balances Cash distribution to partners Final balances