Liquidation Accounting: The partnership of Able, Bower, and Cramer was liquidated. The partners

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*:

Able Bower Cramer
$10,000 $(5,000) $(15,000)

* 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:

Assets Liabilities
Able $ 5,000 $20,000
Bower 6,000 4,000
Cramer 30,000 20,000

Required:
Prepare a worksheet to liquidate the partnership.