This course 8 9 10 11 | 12 | 13 14 Question 14 Not yet acred Marked out of Finish attempt P Flag question Time left 0:21:33 Mazan ,Nader and Majed are three partners they decide to liquidate the partnerships on 31/12/2018 the Balance sheet on the same date as follows Assets Amount Liabilities & owner Amount equity Cash 80,000 Accounts payable 110,000 Accounts 40,000 Mazan Capital (50%) 40,000 Receivable Inventory 90,000 Nader Capital (25%) 30,000 Equipment 60,000 Majed capital (25%) 90,000 Total 270,000 Total 270,000 During the month of January 2019 1) $34,000 were collected from accounts receivable 2) The equipment of book value 30,000 sold for cash $20,000 3) Liquidation expense $1,000 was paid. Instructions: Prepare liquidation statements for the month of January 2019 2) Prepare the safe payment schedules for january 2019 1 TIL 2 IT