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signmentMain.do?invoker nts&takeAssignmentSessionLocator-assignment-take&inprogress assignme -f Updates Ready to Install Do you want to restart to install thes updates now or try tonight? Instructions ﹀ 一 一一 Instructions After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $55,000, $45,000, and $20,000, respectively. Cash noncash assets, and liabilities total $56,000, $96,000, and $32,000, respectively. Between July 1 and July 29, the noncash assets are sold for $90,000, the liabilities are paid, and the remaining cash is distributed to the partners. The partners share net income and loss in the ratio of 3:2:1 Prepare a statement of partnership liquidation for the period July 1-29, 2016. F8 5 6

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