Balance Sheet at Year-End of 2014:

	Assets
Cash	15,000
Accounts Receivable	60,000
Equipment	125,000
Total	200,000

	Liabilities + Equity	Profit Ratio	Percent of Ownership (%)
Accounts Payable	66,000
VVV Capital	65,000	20%	48.5%
YYY Capital	55,000	40%	41.0%
JJJ Capital	14,000	40%	10.4%
Total	200,000	100%	100%

A) Show plan of distribution showing the order & amounts of distribution from Accounts Payable through all partners. Be sure to show the level at which partners participate [1st $s go, 2nd $s go, etc ] based on assets of $200,000. sell non-cash assets for $185,000.

B) If the loss on sale of the Accounts Receivable and the Equipment is $50,000, sell non-cash assets for $135,000, how much does each partner get? (Cash is less than asset amount due to loss).