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  1. business
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  3. oriole company at december 31 has cash $23,100, no

Oriole Company at December 31 has cash $23,100, noncash assets $101,000, liabilities $50,400, and the...

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Accounting

Oriole Company at December 31 has cash $23,100, noncash assets $101,000, liabilities $50,400, and the following capital balances:
Floyd $46,800 and DeWitt $26,900. The firm is liquidated, and $112,000 in cash is received for the noncash assets. Floyd and DeWitt
income ratios are 60% and 40%, respectively.
Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g.
-15,000 or parenthesis e.g.(15,000).
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