D, E, and F are partners in a CPA firm sharing profits and losses in a ratio of 2:2:3, respectively. Immediately prior to liquidation, the following balance sheet was prepared:

AssetsLiabilities and Equity

Cash100,000Liabilities 280,000

Noncash 580,000D Capital 160,000

E Capital 160,000

F Capital80,000

Total680,000Total680,000

Required:

Assuming the noncash assets are sold for $300,000, determine the amount of cash to be distributed to each partner. Complete the worksheet and clearly indicate the amount of cash to be distributed to each partner (show all working). No cash is available from any of the three partners.