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Liquidation schedule-positive capital accounts The ABC partnership reports the following condensed balance sheet: The partners...

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Liquidation schedule-positive capital accounts The ABC partnership reports the following condensed balance sheet: The partners wish to liquidate the partnership. The noncash assets are sold for $325,000 with the loss distributed to the partners in the ratio of 35%:2066,45% to partner A, B, and C, respectively. The liabilities are paid in full. Prepare a schedule detailing the liquidation of the assets, repayment of the liebilities, and distribution of the remaining cash to the partners. HINT, Use a negative sign with answers that reduce account balances

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