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 $ 51,000 Other Assets 12,200 222,000 Liabilities Adams, Capital $ 45,300 67,100 Peters, Capital 91,500 81,300 Total Assets Blake, Capital $ 285,200 Total Liabilities and Equities $ 285,200 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. Answer is not complete. APB PARTNERSHIP Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest Adams Decrease LAPs to next highest Adams Peters Cash Distribution Plan Loss Absorption Potential Adams Peters Blake Adams Capital Accounts Peters Blake 20% 30% 50% $ 67,100 (12.200) 15 91,500 O $ 81,300 O 00 DO $ 54,900 S 91,500 S 81,300 335,500 305,000 162.600 (30,500) $ 305,000 $305,000 $ 162,600 s (6,100) O 48.800 S 91,500 S 81,300 (142,400) O (28,480) $162.600 (142,400) $162.600 (42.720) $162.600 $ 20,320 S 48,780 81.300 00