Refer to the information contained in Problem 16-20. Assume the following amounts of cash were received during the months of July, August, and September from the sale of the noncash assets of the KGB Partnership:

The partnership wishes to keep \(\$ 10,000\) of cash on hand at the end of July and August to pay for unexpected liquidation expenses.
Liquidation expenses of \(\$ 2,500\) were paid at the end of July, August, and September.
\section*{Required}

a. Prepare a statement, as of June 30, 20X5, showing how cash will be distributed among partners as it becomes available.
\(b\). Prepare schedules showing how cash is distributed at the end of July, August, and September, \(20 \mathrm{X} 5\).

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July $390.000 August 22.000 September 55.000