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

Required:

Prepare a 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.