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 $ $68,000$

Korhonen, capital $29,400$

Lebuca, capital $51,000$

Swid, capital $22,400$

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.