Sedgwick Company at December 31 has cash $20000 noncash as

Sedgwick Company at December 31 has cash $20000 noncash assets $100000 liabilities $55000 and the following capital balances: Floyd $45000and DeWitt $20000. The firm is liquidated and $105000in cash is received for the noncash assets. Floyd and DeWitt income ratios are60% and40% respectively. Prepare a schedule of cash payments. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15000 or parenthesis e.g. (15000).)

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