Lola, Melvin and Nettie are in the process of winding up their partnership. Since it can take several months to convert the other assets to cash, the partners agree to distribute all available cash immediately, except for $12,000 which is set aside for contingent expenses. The balance sheet and residual profit and loss percentages are as follows:

Cash $500,000 Accounts Payable $225,000
Other Assets 225,000 Lola, Equity (20%) 168,000
Melvin, Equity (30%) 270,000
___________ Net, Equity (50% ) 62,000
Total assets $725,000 Total liabilities/equity $725,000

Using a secure payment program, how much cash should Lola receive in the first distribution ?