On July 1, 2018, the John, Paul and Ringo, JPR partnership decides to complete a lump-sum liquidation as soon as possible. The partnership balance sheet prepared on July 1 appears below: JPR Partnership Balance Sheet July 1, 2018 Cash Accounts Receivable Inventory Short Term Investment Property, Plant & Equipment 50,000 60,000 100,000 40,000 650,000 Accounts payable Due to Partner J Capital (30%) P, Capital (40%) R, Capital (3096) 200,000 30,000 350,000 80,000 240,000 Total Assets The partners share profits and losses in the ratio of 3:4:3. Partner P is personally insolvent, but partners J and R have sufficient personal assets to satisfy any capital deficits. On July 15, 2018, the non-cash assets are sold for $550,000. Lump sum payments are made to the partners on July 16, immediately after the creditors have been paid. Prepare a schedule for Lump Sum payment for partnership JPR