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 $ 46,000 Adams, Loan Other Assets 11,200 212,000 Liabilities Adams, Capital $ 47,000 61,600 Peters, Capital 84,000 Blake, Capital 76,600 $ 269,200 Total Liabilities and Equities $ 269,200 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. Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest: Decrease LAPS to next highest: APB PARTNERSHIP Cash Distribution Plan Loss Absorption Potential Adams Capital Accounts Peters Blake Adams Peters Blake % % % $ 0 $ 0 $ 0 $ 0 S 0 S 0 $ 0 $ 0 $ 0 $ 0 S 0 S 0 $ 0 69 $ 0 S 0