Chen, Korhonen, Lebuca, and Swid are partners who share profits and losses on a $4$:$3$:$2$:$1$ basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are

Chen, capital

komwnen, capital

Lebuca, cepltas

SWLU, Lapital

$51,60e$

$30,300$

$54,000$

$23,300$

Required:

Prepare a predistribution plan to determine which partner will be the first to recelve cash from the iquidation and what amount that parther will recelve before other partners recelve any cash.

Note: Amounts to be deducted should be entered with a minus sign.

$\backslash$table$[[,,,$Chen,Korhonen,Lebuca,Swid$],[$Beginning balances,,,$$,71,000>,$$$,30\mathrm{.}300e,$$$,54\mathrm{.}000w,$$$,23\mathrm{.}300C$