. Kaur and Singh Company is a partnership business and decides to discontinue operations and liquidate the business on March 1, 2014. The companys balance sheet shows cash of $50,000, account receivable $75,000, equipment $25,000, accounts payable $40,000, Notes payable $15,000, Kaur capital $45,000, Singh capital $50,000. Required: Prepare a schedule of cash payments to know the cash each partner will receive. (2 marks)