E 17-10 Safe payments schedule The partnership of Dee, Ema, Lyn, and Geo is being liquidated over the first few months of 2016. The trial balance at January 1, 2016, is as follows: Debits Credits Cash $200,000 Accounts receivable 56,000 Inventory 142,000 Equipment (net) 300,000 Land 150,000 Loan to Dee 20,000 Accounts payable $400,000 Dee capital (20%) 170,000 Ema capital (10%) 80,000 Lyn capital (50%) 140,000 Geo capital (20%) 78,000 $868,000 $868,000 ADDITIONAL INFORMATION 1. The partners agree to retain $20,000 cash on hand for contingencies and to distribute the rest of the avail- able cash at the end of each month. 2. In January, half of the receivables were collected. Inventory that cost $75,000 was liquidated for $45,000. The land was sold for $250,000. REQUIRED: Prepare a schedule of safe payments for the Dee, Ema, Lyn, and Geo partnership for January 31, 2016