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Please help

The Pen, Evan, and Torves Partnership has asked you to assist in winding-up its business affairs. You compile the following information. 1. The partnership's trial balance on June 30, 20x1, is Debit Credit Cash Accounts Receivable (net) Inventory Plant and Equipment (net) Accounts Payable Pen, Capital Evan, Capita Torves, Capital 5 5,500 20.000 11,500 90.000 5 14,200 51,300 42,500 19,000 Total 5127.000 127,000 2. The partners share profits and losses as follows: Pen, 60 percent: Evan, 20 percent; and Torves, 20 percent. 3. The partners are considering an offer of $104,000 for the firm's accounts receivable, inventory, and plant and equipment as of June 30. The $104,000 will be paid to creditors and the partners in installments, the number and amounts of which are to be negotiated Required Prepare a cash distribution plan as of June 30. 20x1, showing how much cash each partner will receive if the partners accept the offer to sell the assets. PET PARTNERSHIP Cash Distribution Plan June 30, 20X1 Loss Absorption Potential Capital Accounts Pen Evan Torves Pen Evan Torves Profit and loss percentages Preliquidation capital balances Loss absorption potential (capital balances Decrease highest LAP to next highest 055 percent) Decrease LAPs to next highest