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$40,000 Liabilities$50,000

Adams, Loan10,000 Adams, Capital55,000

Other Assets200,000 Peters, Capital75,000

Blake, Capital70,000

Total Assets$250,000 Total Liabilities & Equities$250,000

Liquidation expenses are expected to be negligible. No interest accrues on loans with partners after termination of the business.

Required:

Add cash distribution plan for the APB Partnership. Please follow the practical guidelines when completing this worksheet.