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	$ 62,000
Korhonen, capital	27,600
Lebuca, capital	45,000
Swid, capital	20,600

Required:

Prepar predistribution plan to determine which partner will be the first to receive cash from the liquidation and what amount that partner will receive before other partners receive any cash.

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