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Statement of Partnership Liquidation After closing the accounts on July 1, prior to liquidating the partnership, the capital

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Cash Noncash Assets = Liabilities + Gold (3/6) + Porter (2/6) + Sims (1/6)
Balances before realization 37200 66300 26700 25200 35700 15900
Sale of assets and division of loss 53100 -66300 0 -6600 -4400 -2200
Balances after realization 90300 0 26700 18600 31300 13700
Payment of liabilities -26700 0 -26700 0 0 0
Balances after payment of liabilities 63600 0 0 18600 31300 13700
Cash distributed to partners -63600 0 0 -18600 -31300 -13700
Final balances 0 0 0 0 0 0
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