(INSTALLMENT LIQUIDATION)

Partners A, B, C and D share profits in the ratio of 3:3:1:1, respectively. The following

balances are obtained just before partnership liquidation:

A B C D

Capital balances 70,000 70,000 30,000 20,000

Loan balances 20,000 5,000 25,000 15,000

Proceeds from the sale of partnership assets during March and April by the one in charge

of liquidation and distribution of cash to partners at the end of each month are as follows:

Cash Realized Cash Distributed Cash Withheld

March 40,000 25,000 15,000

April 35,000 40,000 10,000

How would it be for the cash priority program?