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After closing theaccounts on July 1, prior to liquidating the An unincorporatedbusiness form consisting of two or more persons conducting businessas co-owners for profit.partnership, the capital account balancesof Gold, Porter, and Sims are $31,800, $45,300, and $20,100,respectively. Cash, noncash assets, and liabilities total $49,800,$83,700, and $36,300, respectively. Between July 1 and July 29, thenoncash assets are sold for $66,900, the liabilities are paid, andthe remaining cash is distributed to the partners. The partnersshare net income and loss in the ratio of 3:2:1.

Prepare a statement ofpartnership The winding-up process when a partnership goes out ofbusiness.liquidation for the period July 1-29. Enter anysubtractions (balance deficiencies, payments, cash distributions,divisions of loss, sale of assets) as negative numbers using aminus sign. If an amount is zero, enter in "0".

Gold, Porter, andSims
Statement ofPartnership Liquidation
For the PeriodEnding July 1-29
	Cash +	Noncash Assets =	Liabilities +	Capital Gold (3/6) +	Capital Porter (2/6) +	Capital Sims (1/6)
Balances beforerealization	$	$	$	$	$	$
Sale of assets and division ofloss	+
Balances afterrealization	$	$	$	$	$	$
Payment of liabilities
Balances after payment ofliabilities	$	$	$	$	$	$
Cash distributed topartners
Final balances	$	$	$	$	$	$