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 Cash Adams, Loan Other Assets $ 52,000 12,400 224,000 Liabilities and Capital Liabilities Adams, Capital Peters, Capital Blake, Capital Total Liabilities & Equities $ 45,600 68,200 93,000 81,600 $288,400 Total Assets $288,400 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 Adams Peters Blake Capital Accounts Adams Peters Blake Profit and loss percentages Preliquidation capital balances Loan to Adams % % % Total $ 0 $ 0 $ 0 Loss absorption potential Decrease highest LAP to next highest: $ 0 $ 0 $ 0 $ 0 $ Decrease LAPs to next highest: 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0