liquitation Par 3 Akep, Prince, and Bird share profits and losses for their APB Partnership in a ratio of 2:3:5. Insgebiends When they decide to liquidate, the balance sheet is as follows: Assets Liabilities and Equities Cash $ 40,000 Liabilities $ 50,000 Aken, Loan 10,000 Other Assets ( Bird, Loan 20,000 200.000 Aken, Capital 55,000 Prince, Capital 75,000 Bird, Capital 50.000 Total Assets $250.000 Total Liabilities and Equities $250,000 Liguldation expenses are expected to be negligible. Required Prepare a cash distribution plan for the APB Partnership. Prepare a statement of partnership realization and liquidation with a schedule of safe payments to partners if other sets were sold for $120,000