A partnership is currently holding $$400,000$ in assets and $$234,000$ in liabilities. The partnership is to be liquidated, and $$20,000$ is

the best estimation of the expenses that will be incurred during this process. The four partners share profits and losses as shown.

Capital balances at the start of the liquidation follow:

Required: $$

Prepare a predistribution plan to determine which partner will be the first to receive cash from the liquidation and what amount that

partner will receive before other partners receive any cash.

Note: Amounts to be deducted should be entered with a minus sign.