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 Equities $ 48,000 11,600 216,000 Cash Adams, Loan Other Assets Liabilities 46,000 63,800 87,000 78,800 Adams, Capital Peters, Capital Blake, Capital Total Assets $275,600 Total Liabilities & Equities $275,600 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. APB PARTNERSHIP Cash Distribution Plan Loss Absorption Potential Capital Accounts Adams Peters Blake Adams Peters Blake % % Profit and loss percentages % Preliquidation capital balances Loan to Adams Total 0 0 Loss absorption potential Decrease highest LAP to next highest S 0 0 S S 0 0 Decrease LAPS to next highest S 0 0 0 S S o