The following condensed balance sheet is for the partnership of Gulian, Singh, and Zahiri, who share profits and losses in the ratio of $4$:$3$:$3,$ respectively:

Cash $ $84,000$ Accounts payable $ $184,000$

Other assets $770,000$ Zahiri, loan $45,000$

Gulian, loan $35,000$ Gulian, capital $290,000$

Singh, capital $190,000$

Zahiri, capital $180,000$

Total assets $ $889,000$ Total liabilities and capital $ $889,000$

Required:

The partners decide to liquidate the partnership. Forty percent of the other assets are sold for $$250,000.$ Prepare a proposed schedule of liquidation at this point in time.