Help plz. I have finished most of them.

The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: $ Cash Noncash assets 54,000 294,000 Liabilities Drysdale, loan Drysdale, capital (50%) Koufax, capital (30%) Marichal, capital (20%) $ 59,500 27,500 97,000 87,000 77,000 a-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. a-2. Liquidation expenses are estimated to be $14,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well. b. Assume that assets costing $92,000 are sold for $69,000. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. Partner Capital Balance Loss Allocation Maximum Loss That Can Be Absorbed Step 1 Drysdale Koufax $ % $ 124,500 50 87,000 30 $ % $ 249,000 290,000 385,000 Marichal $ 77,000 20 % $ Step 2 Koufax $ % 20,500 12,300 60 27,200 40 Marichal $ % $ 68,000 X Answer is not complete. Complete this question by entering your answers in the tabs below. Req A1 Req A2 ReqB Liquidation expenses are estimated to be $14,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well. DRY SDALE, KOUFAX, AND MARICHAL First $ 59,500 Distribution of Available Cash $ 73,500 Liabilities Liquidation expenses 27,500 X Marichal 20,500 Koufax 14,000 Next 100% Next 60% 40 % Marichal All remaining cash Drysdale % Koufax Marichal DOO 30 % 20 % Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Assume that assets costing $92,000 are sold for $69,000. How is the available cash to be divided? Cash available for distribution: Beginning cash balance Sale of noncash assets $ 54,000 Subtotal Payment of liabilities Payment of estimated liquidation expenses Cash available for distribution 69,000 $123,000 (59,500) (14,000) $ 49,500 Cash distribution to partners: Drysdale Koufax Marichal Total First Next Next Total $ 0 $ 0 $ 0 $ 0