11 Partnership Liquidation-Safe Payments Several years ago, Ann Dennis, Jill Edwards, Lee Sisters Cafe. Rerouting of bus lines Lacy, and Sarah Ingram formed a partnership to operate the Deli Si caused declines in patronage to the extent that the partners have agreed to dissolve the partnership and liquidate the assets. The November 2,2017, balance sheet of the Deli Sisters Cafe and other data appear below. The partnership agreement did not specify how profits and losses were to be shared. DELI SISTERS CAFE Balance Sheet November 2, 2017 15,000 Loan-Ingram... 52,000 45,000 Fixtures. . . . ....40,000 48,000 Additional information: 1. During November, sold half of the fixtures for $5,000. Sold equipment with a book value of $30000 for $22,000. 2. During December, paid all outside creditors. A neighboring restaurant bought Deli Sisters C fe supplies at 80 percent of cost. Sold the remaining fixtures for $8,000. 3. During January, sold equipment with a book value of $40,000 for $28,000. Required Following the safe payment approach, specify how cash is to be distributed at the end o December, and Janua