After working for in the Kitchen remodeling business for several years. Terry and Phyllis decided to go into business for themselves and formed the Kitchens Just for You partnership. Three years ago, thoy admitted Connte as a partner and recognized goodwil at that time because of her good client list for planned kitchen makeovers. However, they were not able to gain a sufficient market for new customers and on September 1,20X9, they agreed to dissolve and liquidate the business. They decided on an installment liquidation to complete the projects already initiated. The balance sheet, with profit and loss-sharing percentages at the beginning of liquidation, is as follows: Connie's loan was for working capitat, the loan to Terry was for his unexpected personal medical bilis. During Septomber 209, the first month of nquidation, the parthership colfected $44,000 in recelvables and decided to wite off $3.000 of the remaining recelvables Sales of one half of the book value of the inventory realized a los5 of $7.000. The partners estimate that the costs of liquidating the business (newspaper ads, signs, etc), are expected to be $5.000 for the remainder of the liquidation process. Required: Prepare a schedule of safe payments to parthers as of September 30,209, to show how the avallable cash should be distributed to tho portners Please follow the practical guidelines when completing this worksheet \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ KITCHENS JUSTFOR YOU } \\ \hline \multicolumn{4}{|c|}{ Schedule of Safe Payments to Partners } \\ \hline & Terry & Phyllis & Connie \\ \hline \multicolumn{4}{|l|}{ Capital balances, September 1,20X9 } \\ \hline \multicolumn{4}{|l|}{ Loans to (from) partner } \\ \hline \multicolumn{4}{|l|}{ Total } \\ \hline \multicolumn{4}{|l|}{ White-off of goodwill } \\ \hline \multicolumn{4}{|l|}{ Write-off of recervables } \\ \hline \multicolumn{4}{|l|}{ Loss on sale of inventory } \\ \hline \multicolumn{4}{|l|}{ Capital balances, September 30,209} \\ \hline \multicolumn{4}{|l|}{ Possible loss for remaining receivables and inventory } \\ \hline \multicolumn{4}{|l|}{ Possible liquidation costs } \\ \hline \multicolumn{4}{|l|}{ Balances. } \\ \hline \multicolumn{4}{|l|}{ Distribute any potential deficis } \\ \hline Safe payments to partners, September 30,209 & & & \\ \hline \end{tabular}