Partners Maness and Joiner have decided to liquidate their business. The ledger shows the following account balances: Cash $25,000 Accounts Payable $15,000
Inventory 120,000 Maness, Capital 65,000
Joiner, Capital 65,000

Maness and Joiner share profits and losses in an 8:2 ratio. During the first month of liquidation, half the inventory was sold for $40,000, and $10,000 of the accounts payable was paid. During the second month, the rest of the inventory was sold for $30,000, and the remaining accounts payable were paid. Cash was distributed at the end of each month, and the liquidation was completed at the end of the second month.

Required
Prepare a statement of partnership realization and liquidation with a schedule of safe payments for the two-month liquidation period.