7 Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 2.3.5. When they decide to liquidate, the balance sheet is as follows: Assets Liabilities and Capital ints Cash Skipped Adams, Loan other Assets $ 36,000 13,800 215,000 Liabilities Adams, Capital $ 73,700 53,400 Peters, Capital 70,500 Blake, Capital 67,200 Total Assets $ 264,800 Total Liabilities and Equities $264,800 eBook References Liquidation expenses are expected to be negligible. No Interest accrues on loans with partners after termination of the business. Required: Prepare a cash distribution plan for the APB Partnership. Please follow the practical guidelines when completing this worksheet. Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest Decrease LAPs to next highest APB PARTNERSHIP Cash Distribution Plan Loss Absorption Potential Adams Peters Blake Adams Capital Accounts Peters Blake $ 0 0 $ $ 0 S 05 0 S 0 S S 0 S 0 $