Hardin, Sutton, and Williams have operated a local business as a partnership for several years. All profits and losses have been allocated in a 3:2:1 ratio, respectively. Recently, Williams has undergone personal financial problems, and is insolvent. To satisfy Williams' creditors, the partnership has decided to liquidate. The following balance sheet has been produced:

cash	10000	Liabilities	80000
Noncash assets	227000	Hardin, capital	96000
		Sutton, capital	45000
		Williams, capital	16000
Total assets	237000	Total liabilities and capital	237000

During the liquidation process, the following transactions take place: - Noncash assets are sold for $116,000. - Liquidation expenses of $12,000 are paid. No further expenses are expected. - Safe capital distributions are made to the partners. - Payment is made of all business liabilities. - Any deficit capital balances are deemed to be uncollectible. Develop a predistribution plan for this partnership, assuming $12,000 of liquidation expenses are expected to be paid.