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A, B and C were in partnership sharing profits and losses in the ratio of 50% : 25% : 25%. The, was their Balance-Sheet as on 31st December, 2018., following, Balance-Sheet as on 31st December, 2018, Liabilities, Assets, Capitals:, Machinery, 38,000, 39,000, 29,000, 50,000, 30,000, 40,000, Furniture, Motor car, Debtors, 20,000, 6,000, 9,000, 15,000, Current Profits, 4,000, Bills Receivable, Creditors, 15,000, 4,000, 11,000, 30,000, Cash, Property Tax, C's Loan, Stock, Bank Loan, (Machinery, security for Loan), mortgaged, as, 1,70,000, 1,70,000, The firm was dissolved and it was agreed that the net realisations should be distributed in, their due order at the end of each calendar month. The gradual realisations were as follows :, Date, Amount Realised, 2019, January, February, March, 12,000, 15,000, 10,000, 30,000, April, May, 35,000, Machinery was disposed off by the Bank and they could recover 25,000 only. Mr. C has, paid ? 3,000 immediately for Repairing Motor Car to get sizable return from the disposal of the, same., Prepare a statement showing distribution of cash as per Surplus Capital Method., Scanned with CamScanner