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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

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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 Cash Adams, Loan Other Assets 53,000 Liabilities 45,900 69,300 94,500 81,900 12,600 Adams, Capital 226,000 Peters, Capital Blake, Capital $291,600 Total Liabilities & Equities $291,600 Total Assets 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

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