P 17-2 Cash distribution plan The December 31, 2011, balance sheet of the Chan, Dickerson, and Grunther partnership, along with the partners' residual profit and loss sharing ratios, is summarized as follows: The partners agree to liquidate their partnership as soon as possible after January 1, 2012, and to distribute all cash as it becomes available. P 17-2 Cash distribution plan The December 31, 2011, balance sheet of the Chan, Dickerson, and Grunther partnership, along with the partners' residual profit and loss sharing ratios, is summarized as follows: The partners agree to liquidate their partnership as soon as possible after January 1, 2012, and to distribute all cash as it becomes available