Exercise 16-5 Following is the balance sheet of the BDO Partnership: M Cash Accounts Receivable unte Deceivable Inventory Equipment $13,000 44,000 $8,000 38.000 27,000 64,000 $137,000 Liabilities Brink, Capital Davis, Capital Olsen, Capital 51,000 $137,000 The partners share income 40:40:20, respectively. Assume that 70% of the receivables are collected and that inventory with a book value of $14,000 is sold for $12,000. All cash available at this time is to be distributed. Determine the proper distribution of cash, using the safe payment approach. (Round answers to o decimal places, e.g. 5,125. Enter credit balance of an account and credit posting to an account with negative sign prece Olsen Capital Balances Davis 40% Noncash Assets Cash Brink 40% Liabilities 20%