O Partnership Liquidation-Safe Payment Approach Lo4 Following is the balance sheet of the BDO Partnership: EXERCISE 16-5 Cash $ 10,000 40,000 30,000 Liabilities Brink, Capital Davis, Capital Olsen, Capital s 18,000 45,000 27,000 Accounts Receivable Inventory Equipment $140,00 The partners share income 40:40:20, respectively. Assume that 70% of the receivables are collected and that inventory with a book value of $15,000 is sold for $10,000. All cash available at this time is to be distributed. Required: Determine the proper distribution of cash, using the safe payment approach