he NOR Partnership is being liquidated. A balance sheet prepared prior to liquidation is presented below: Assets

Cash $240,000 Other Assets 300,000 Total Assets $540,000

Liabilities & Equities

Liabilities $ 160,000 Rice, Loan 60,000 Nutt, Capital 180,000 Ohm, Capital 60,000 Rice, Capital 80,000 Total Equities $540,000 Nutt, Ohm, and Rice share profits and losses in a 30:30:40 ratio. Assume $50,000 of other assets are sold for $20,000. Required: A. Prepare Safe Payment distribution schedules for the available cash. B. Prepare an advance cash distribution plan for the partners.