The partners of Grafton Company have decided to liquidate their business. Noncash assets were sold for $115,000. The income ratios of the partners Kale D., Croix D., and Marais K. are 2:3:3, respectively. Complete the following schedule of cash payments for Grafton Company.
GRAFTON Company
| A | B | C | D | E | F | G | H | I | J | K | L | |
| 1 | Item | Cash | + | Noncash assets | = | Liabilities | + | Kale D., Capital | + | Croix D., Capital | + | Marais K., Capital |
| 2 | Balances before liquidation | 10,000 | 85,000 | 40,000 | 15,000 | 35,000 | 5,000 | |||||
| 3 | Sale of noncash assets and allocation of gain | |||||||||||
| 4 | New balances | |||||||||||
| 5 | Pay liabilities | |||||||||||
| 6 | New balance | |||||||||||
| 7 | Cash distribution to Partners | |||||||||||
| 8 | Final balances |
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