MUST SHOW WORK!

The year-end balance sheet and residual profit and lsos s haring percentages for the Bane, Hill, and Ross partnership at Dec. 31, 2016 are as follows:

Cash	$30,000	Accounts Payable	$200,000
Loan to Bane	40,000	Loan from Hill	50,000
Other assets	480,000	Bane, capital (25%)	70,000
		Hill, capital (25%)	80,000
		Ross, capital (50%)	150,000
Total assets	$550,000	Total liabiltiies and equity	$550,000

The partners agree to liquidate the business and distribute cash when it becomes available.

Required: Prepare a cash distribution plan for the Bane, Hill, and Ross partnership.