Cal, Dailey, and Evans decide to liquidate their partnership. They share profits in a ratio of \(5: 3: 2\). The loans and capital accounts of the partnership are as follows:

The partnership has \(\$ 16,000\) in liabilities to outside creditors. No interest accrues on any loans with partners during liquidation of the business.
\section*{Required}
Prepare a cash distribution plan for the CDE partnership.

Transcribed Image Text:

Loans Cal Receivable from $12,000 Payable to Capital $35,000 Dailey $15,000 $45.000 Evans 10,000 4,000 $28,000