A partnership held three assets:

Cash $ 59,000

Land $ 45,000

Building $ 64,000

and liabilities were $ 30,000

The partners decided to dissolve the business and anticipated that expenses required to liquidate their partnership would amount to $ 5,000

Capital balances were as follows:

King, capital $ 24,000

Murphy, capital 30,000

Madison, capital 48,000

Pond, capital 36,000

The partners shared profits and losses 10:20:30:40 respectively.

The cash on hand was used to pay the liabilities. Any remain;ing cash in excess of the amount needed for anticipated liquidation expenses was immediately distributed to the partners.

a. What is the total amount of cash that was immediately available to be distributed to the partners?

b. The cash (in item a.) was distributed to each partner in a single payment. Show the total payment amount to each partner. (Show the amount of the single check that was written to each partner.) Support your answer with a predistribution plan (or schedule).