The partnership of Able, Bower, and Cramer was liquidated. The partners have shared profits and losses in the ratio of 2:4:4. Prior to liquidation, their capital balances were the following*: 
* Deficit shown in parentheses
Cash totaled $20,000, with liabilities amounting to $30,000. A review of the individual partners' personal financial status reveals the following: 
Required:
Prepare a worksheet to liquidate the partnership.
Definitions:
Revolving Door
A term often used to describe a system where individuals move back and forth between positions in public and private sectors, potentially leading to conflicts of interest.
Emerging Adult
Refers to individuals, typically aged 18 to 25, who are transitioning from adolescence to adulthood and experiencing related changes in identity and self-concept.
Immune System
The complex network of cells, tissues, and organs in the body that works together to defend against infection, disease, and foreign substances.
Cardiovascular
Relates to the system in the body that consists of the heart, blood vessels, and blood, responsible for circulating blood and oxygen throughout the body.
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