Grackle, Buzzard, and Crow are partners sharing profits and losses 20/40/40 respectively. The business is doing poorly, and they decide to go out of business. Their balance sheet is below:

Cash $200,000

Receivable from Grackle $100,000

P&E $550,000

Total: $850,000

Payables to Creditors $320,000

Payable to Buzzard $20,000

Grackle, Capital $200,000

Buzzard, Capital $120,000

Crow, Capital $190,000

Total: $850,000

Property & Equipment of $350,000 was sold for $250,000. They estimate that liquidation expenses will be $50,000.

Prepare a safe payment schedule after the assets are sold.